Less Taxing Environmental Policies

Mark Lange makes the free market case for cap and trade as a means of reducing overall carbon emissions:

Cap and trade beats the taxing tradition of Washington's "make it so" command-and-control. It strips power from bureaucrats, because all of us tend to be smarter than any of us. It sets the right aggregate goals and incentives, makes a market in outcomes, regulates carefully, monitors diligently, and gets out of the way. And it's simpler than a carbon tax because it enlists private sector creativity in finding efficiencies rather than funding lawyers to make flamboyant end runs around the tax code.