In “Seven Reasons Why Taxing Carbon Won’t Fly (and shouldn’t)” I listed objections to a carbon tax and committed to describing a better, property-based carbon policy. Here are the how, who, what, where, and when of that policy. I start with “How.” “Why” is reserved for the third and last article in this series.

How. The policy is called Market Driven Compliance. MDC is an intensity-based emissions trading scheme, a cap and trade modeled after EPA’s averaging, banking and trading or ABT programs successfully controlling sulfur and benzene in gasoline and diesel for decades. Unlike other cap and trade structures…

Bob Neufeld

Retired environmental compliance and government relations vice president for a small petroleum refiner. I have degrees in chemical engineering and law.

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