9. Without National Climate Action, How Can US States Put a Price on Carbon?
Pricing Nature
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How Does Reggie Compare to Washington?
reggie is the nation's first carbon cap and trade programme. It successfully set a precedent of auctioning off carbon credits to collect revenue. This revenue is used to offset energy price increases and to invest in emissions reduction strategies such as energy efficiency and demand response. The program has also instituted reserve mechanisms to create a price floor and sealing for its carbon price. Now that we've heard about reggie, how does the washington programme compare?
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