Carbon trading in the USA: Lieberman-Warner and the economics of CO2 emissions reduction

Although no one is expecting Lieberman-Warner bill (S. 2191) to pass, the American version of carbon economics is beginning to come to light. Although the bill seeks to cut greenhouse gases by 35%-40% from 2005 levels, speculations on Capitol Hill are bleak, and the bill will be vetoed by President Bush in its present form...