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	<title>Sightline InstituteUtilities and Auctions: There Is No Free Power Lunch - Sightline Institute</title>
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		<title>Utilities and Auctions: There Is No Free Power Lunch</title>
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		<pubDate>Fri, 09 May 2008 12:10:00 +0000</pubDate>
		<description><![CDATA[Under cap and trade, cheap carbon trumps cheap power. | An economy-wide cap on climate warming emissions&#8212;our preferred climate policy &#8212;has one enormous sticking point:  once the cap is in place, who gets the right to pollute? That&#8217;s the core of the debate over the &#8220;allocation&#8221; of emissions permits.  Literally billions of dollars are at stake.  And not too surprisingly, just about every industry you can think of believes that, once strict emissions limits are imposed, they should get a generous...]]></description>
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