Fair Deal for Consumers or Free Ride for Polluters

As Western states consider plans to reduce global warming pollution, a key question is whether the region will give away emission allowances created in any “cap-and-trade” program for reducing global warming pollution or sell them in an auction. Fair Deal for Consumers or Free Ride for Polluters? lays out the case for auctioning allowances in any Western global warming cap-and-trade system, documenting the economic and environmental benefits of auctions.