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Earlier this month, Pennsylvania’s governor announced his state was moving to join the Northeast’s carbon market, the Regional Greenhouse Gas Initiative. In 2018, we explained how the states that are already part of RGGI are receiving substantial dividends from the program while also reducing emissions. Read it here:

When climate hawks fantasize about climate policy, they tend to imagine a sweeping, economy-wide carbon tax, set at a high and rising rate. But as a political strategy, this hasn’t much worked; political restraints have meant that no such tax has emerged in the real world.
But there is another political strategy, …
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