Notes
1 A market-based approach to environmental regulation that proposes to set modest limits on the amount of carbon corporations can emit without a fine and allow corporations to buy and sell their “allowances” or “permits” from other corporations. Cap and trade is widely criticized for being ineffective at reducing greenhouse gases and for upholding the current high-carbon, fossil-fuel based economy.
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Ricardo Gabriel
Ricardo Gabriel is a Ph.D. candidate in sociology at The Graduate Center of the City University of New York and a member of #OurPowerPRnyc. He can be reached at [email protected].