“With Certainty” Cap-and-Trade Would Wreck the Economy, Rubio Says

Faculty fellow Billy Pizer disputes Sen. Marco Rubio’s claim that cap and trade “would have a devastating impact on our economy." Pizer told PolitiFact that, depending on the policy specifics, different cap-and-trade programs would have different effects on the economy and climate change but ideally would seek to balance costs and benefits. “Europe, California, New England—they all have cap and trade and nothing has been devastated,” Pizer said. “There is nothing about a generic cap and trade that is devastating.”

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