RFF Senior Fellow Dallas Burtraw comments on California's cap-and-trade program in an Economist article about US climate policies at the state level. Listed below is the full quote:
"So far the specific contribution of the [California] cap-and-trade scheme to emissions reductions is hard to measure, says Dallas Burtraw of Resources for the Future, who chairs the programme’s market advisory committee. But it should become more important as the cap tightens and prices rise."
Read the full article here.