National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals
Green Car Congress
MAY 19, 2010
While the report does not specifically recommend a cap-and-trade system, it notes that cap-and-trade is generally more compatible with the concept of an emissions budget. These opportunities can be realized at a relatively low marginal cost, thus leading to an overall lowering of the cost of meeting the 2050 emissions budget.
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