Can It Work? Economists Grade a Key Part of Obama's Climate Policy

Research co-authored by economics Professor James Bushnell is cited by NBC News.

It doesn’t sound like much, but the “Clean Power Plan Proposed Rule” is a linchpin of the ambitious U.S.-China climate goals announced this week. It’s also a lightning rod for critics and supporters of President Barack Obama’s climate policies. So far 1.5 million comments about it have been filed — and it’s still more than two weeks before the Dec. 1 deadline for feedback.

The plan can work, and cost effectively, if states use its flexibility to create regional carbon trading programs, or even a national one, the professors said. But whether the states will act, the economists said, “is an open question."

Read more at NBC News.