Amsterdam Law Forum
Michael J. Waggoner, Critique of U.S. House Bill 2454 on Climate Change, 2 Amsterdam L.F., no. 2, 2010, at 61, available at http://scholar.law.colorado.edu/articles/742/.
The U.S. House of Representatives, in June 2009, approved a bill to create a cap and trade system and a system of regulations and subsidies to address the problems of climate change. The U.S. Senate is now considering remedies for climate change. The approach of House Bill 2454 is ill-advised, and should be rejected by the Senate, because of the problems outlined below. I propose that these problems that would not be presented by a carbon tax, a simpler and more effective remedy for the risk of climate change.
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