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Posted February 28. 2017 4:46PM

The Northeast’s carbon trading system works quite well. It just doesn’t reduce much carbon.

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RGGI is currently undergoing a thorough review and evaluation, which will shape its course from 2020 forward, so itís a good time for everyone interested in state carbon policy to get to know the program and its considerable virtues and limitations. (There will, ahem, be no federal carbon policy for a while.)