cover of episode Can cap and trade work in the US?

Can cap and trade work in the US?

2024/10/9
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Kenny Malone和Keith Romer：气候变化是一个经济问题，因为污染者没有为其所造成的环境损害直接支付成本。解决气候变化的方法包括收税和税收交易体系。税收交易体系通过设定排放上限和允许企业交易排放许可证来控制热增气体。它能够在保证排放量下限的基础上，让市场找到最效的热减方式。 Luke Martland：从参与气候变化立法到负责运营南洛雅州的税收交易体系，这是一个具有创新性和挑战性的项目。南洛雅州的税收交易体系是一个很大规模的项目，它将影响整个州的经济。它的实施时间紧张，需要在短时间内建立一个完整的税收交易市场。 Brian Haywood：对南洛雅州的税收交易体系表示强烈的反对，认为它等于一种税收，且其效果有限。他认为南洛雅州的税收交易体系对全球气候变化的影响小很少，它只是政治演出。 Jay Inslee：对南洛雅州的税收交易体系表示支持，认为它可以运用于绿色项目投资，这些项目包括为低收入家庭安装热泵、在全州建设内燃站等。

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Economists view climate change as a market failure, with pollution's cost not reflected in prices. Washington State implemented a cap-and-trade system, limiting total carbon emissions and issuing tradable permits. This market-based approach aims to incentivize emission reductions while letting businesses find the most efficient ways to comply.
  • Washington state implemented a cap-and-trade system to address climate change.
  • The system limits total carbon emissions and allows companies to trade permits.
  • This market-based approach aims to find the most cost-effective ways to reduce emissions.

Shownotes Transcript

Recently, the state of Washington embarked on an ambitious new plan to combat climate change. Taking a page from economics textbooks, the state instituted a statewide "cap and trade" system for carbon emissions. The state establishes a cap on the total amount of carbon pollution it is willing to allow each year, and then gives away or auctions off carbon emission permits that add up to that total. Companies can then *trade *those permits on the open market.Economists love cap and trade plans because they establish a limit on carbon emissions while letting the market find the most efficient way for decarbonization to occur. But cap and trade has had a hard time catching on, especially in the U.S.The stakes are high for Washington's new plan. If it succeeds, it could convince other states to implement their own versions, but if it fails, it might serve as a cautionary tale. On today's show, we take a look at how Washington's grand experiment with cap and trade is faring.*This episode was hosted by Keith Romer and Kenny Malone. It was produced by Emma Peaslee and edited by Emily Siner. It was fact checked by Sierra Juarez and engineered by Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts) or at plus.npr.org/planetmoney).*Learn more about sponsor message choices: podcastchoices.com/adchoices)NPR Privacy Policy)