Long before there was serious consideration given in the United States (or other countries) to enacting public policies to address the risk of climate change, regulatory policies existed in the electric power and other energy sectors, as well as.
Economists, including myself, have long favored carbon-pricing policies – either carbon taxes or cap-and-trade – as the best approach to reducing emissions of carbon dioxide (CO2) in large, complex economies – on the basis of: feasibility.