The Slow Death Of Cap-And-Trade, Ctd

Plumer thinks the EPA will step in to fill the void:

Note that this is all likely to be costlier than a cap-and-trade systemdevised by Congress. There's not the same flexibility. One tool at theEPA's disposal, for instance, is the ability to require new powerplants to adopt what's called "Best Available Control Technology" forpollution. But having the EPA pick and choose technologies is a lotless flexible and efficient than putting a price on carbon and lettingthe market sort out the...