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The con is on: how carbon credits neuter Cap & Trade

June 5, 2009 By James Handley

How Offsets Neuter Cap & Trade (FT blog)

Filed Under: News

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Quote of Note

The hue and cry over fossil fuel subsidies in the US is a tempest in a teapot, more a political symbol than a real source of revenue or decarbonization. The big fossil fuel subsidies are the externalities.”

Commentator David Roberts, in Biden’s tax plan goes after the little fossil fuel subsidies, but not the big ones. (Direct subsidies don’t amount to much.), April 9.

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