The estimable Pat Michaels, Senior Fellow in Environmental Studies at the Cato Institute and Distinguished Senior Fellow in the School of Public Policy at George Mason University, has written a cracker article for the October 2010 issue of Green Watch, “The Decline and Fall of Cap-and-Trade.” A brief excerpt:
For many months Al Gore and other supporters of cap-and-trade legislation have been predicting victory. It’s only a matter of time, they said, before the federal government regulates the U.S. economy to reduce carbon emissions and end global warming. Gore and company have been investing their money in “green economy” industries, anticipating a windfall of profits from the changes in energy policy that Congress will mandate. But something’s happened. Without any fanfare the effort has been stopped dead in its tracks. What happened—and why?
Act now – read the whole thing here.