The financial impact of regulating coal-fired power plants that produce carbon dioxide emissions under a cap-and-trade system will be much less than previously projected according to research by Professor Stefan Reichelstein and doctoral student Ozge Islegen.
There's good news for supporters of the Waxman-Markey climate bill from Professor Stefan Reichelstein. Although passed by the U.S. House of Representatives in June 2009, the bill is expected to spur a contentious debate in the Senate starting this fall. Opponents argue that the bill’s proposed "cap-and-trade" system will take a high financial toll on energy consumers and companies alike, and devastate the economy at a time the country can least afford it.
Reichelstein and doctoral student Ozge Islegen believe they have evidence to the contrary. Reichelstein and Islegen have examined the financial impact of regulating coal-fired power plants that produce carbon dioxide emissions under a cap-and-trade system and found the financial burden to be much less than previously projected.
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