Power, Vol.151, No.7, 43-46, 2007
The bumpy road to federal CO2 caps
There are often five stages to enacting major legislative reforms: Initial enthusiasm, a sobering reconition of the complex issues to be solved, excruciating negotiations over those issues, hand-to-hand combat with supporters of the status quo, and resignation that the final product only deals with part of the problem. Congress has reached Stage 2 as it considers a cap-and-trade system for reducing carbon emissions. Now the real work begins.