H. Sterling Burnett and D. Sean Shurtleff, Capping CO2 Emissions, Boosting Energy Costs, National Center for Policy Analysis, Brief Analysis No. 617, May 13, 2008.
“Bills recently introduced in Congress would control greenhouse gas emissions through cap-and-trade schemes. They would place an upper limit, or cap, on the overall level of emissions, and then distribute or sell to companies or industries emissions credits — rights to emit specific amounts of greenhouse gases. However, the proposals unveiled so far would harm the U.S. economy, disproportionately hurt the poor and fail to produce the environmental benefits promised by proponents, say H. Sterling Burnett, a senior fellow and D. Sean Shurtleff, a graduate student fellow with the National Center for Policy Analysis. The Environmental Protection Agency (EPA) recently analyzed the three most prominent cap-and-trade Senate bills. The EPA found any of the three would reduce U.S. greenhouse gas emissions below current levels.”
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