GAO Report: How the experts would tackle climate change
At the behest of Congress, the GAO elicited the opinions of 18 experts in climage change economics to discuss what actions Congress should consider taking to address the climate change issue. All of the panelists agreed that Congress should consider using a market-based mechanism to put a price on greenhouse gases. 8 thought we should go with a cap-and-trade strategy with the government retaining the ability to use a cost-control mechanism. 7 preferred a tax on emissions. 3 liked the cap-and-trade strategy without the cost-control mechanism.







