So far, readers have asked to see some explanation of why grandfathering permits creates private windfalls; whether so-called “safety valves” are a good idea; and whether there would be “leakage” from a cap and trade program. We’re developing answers to those, and other, questions now—tune in later for more.
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Recent improvements are due largely to the big-brained Yoram Bauman, who offered many helpful suggestions.
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