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The State of the Green Union: Impediments to a Market Based Mechanism for Emissions Reduction

Almost one year ago, on February 24 2009, President Obama asked Congress for legislation that places a market-based cap on carbon pollution. Henry Waxman and Edward Markey responded with The American Clean Energy and Security Act. Waxman and Markey outlined a cap-and-trade system involving significant US carbon emissions reductions. Early last fall Senators Barbara Boxer and John Kerry put together a new climate…

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