What do you think of the following innovative options:
1. Conventional cap and trade with grandfathering and a fixed price
guaranteed by government
2. A carbon tax that is refunded based on output, eg limited to the
electric utility sector with output measured in kWh
Can you think of other ways to improve on cap and trade, or carbon tax
proposals?
And a quick list of undesirable policy features:
Price volatility
Windfall profits
Complexity
Easy to game the system
And desirable ones:
Equity
Polluter pays
Political feasibility (well connected polluters will throw a big fuss,
if they are made to pay)
Short term price stability
Long term flexible upward adjustment of price
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