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Why Candidates Should Embrace Cap-and-Dividend

Republican presidential hopefuls Tim Pawlenty and John Huntsman are running from their record on cap-and-trade. They may be right that now is not the time to give emission permits away for free. But neither of them are talking about what is a politically palatable way to reduce carbon emissions: auction emission permits and return the money to every American, or, if we must, use the money to stave off raising taxes and reduce the federal deficit.

James Boyce at Triple Crisis sets forth the four-pillars of a climate policy that is just, reduces carbon emissions, and, critically, doesn't increase the size of government.

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