Why cap-and-trade instead of a carbon tax? Why cap-and-trade instead of a carbon tax?(Abhishek Uppal) Some local governments (e.g. Boulder, Colorado, USA; British Columbia, Canada) and early-action countries (Sweden, Finland, and Netherlands in the 1990s) have implemented carbon taxes. Over time, however, a cap-and-trade orientation has begun to dominate policy approaches. In simple terms, a [...]