Kenneth R. Richards

Articles by Kenneth R. Richards

27 October 2008

Reframing the cap-and-trade dialogue

As we wrap up the second round of our discussion, it might be useful to provide a way of framing our dialogue. Each of us has offered observations about the relative advantages and disadvantages of taxes versus cap-and-trade.

29 September 2008

Don't forget about the role of politics

David Weisbach is absolutely correct: The specific design of either a tax or cap-and-trade program is far more important than the issue of which approach Congress adopts. Either approach, properly developed, can help reduce greenhouse gas emissions.