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Tracing the Demise of Cap and Trade – NYTimes.com

‘WASHINGTON — Less than a year ago, cap and trade was the policy of choice for tackling climate change. Environmental groups and their foes in industry joined hands to embrace the approach, a market-driven system that sets a ceiling on global warming pollution while allowing companies to trade permits to meet it… ‘

via Tracing the Demise of Cap and Trade – NYTimes.com.