Northeast Strengthens Carbon Goals as Federal Rules Fade
View on Scientific American website"'I think it's hugely significant because an ECR is a mechanism that has never been implemented in a carbon market I am aware of,' said Anthony Paul, a fellow at Resources for the Future. 'The allowance prices have been very low, often even on the price floor. What that represents is that compliance costs have been lower than expected. And low compliance costs bring benefits to the economy for utilities and ratepayers, but no environmental benefits.'
'What the ECR does,' he added, 'is share the cost of low-cost compliance between the environment and the economy.'"
