Danny Cullenward and David Victor’s thoroughly researched and thoughtful book, Making Climate Policy Work is definitely worth a read for anyone interested in climate policy. Even though I was ultimately unconvinced, it presents the best case I’ve seen against the carbon pricing-centric approach to climate policy that I favor.

Cullenward and Victor perceptively diagnose the pathologies affecting carbon markets, particularly with regard to carbon offsets — arrangements under which regulated entities are permitted to emit more carbon in exchange for funding emissions abatement or negative emissions activities outside the scope or jurisdiction of the emissions trading system they are subject…

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