Cap & Trade Economist Statement 2-09

More than 600 of the nation's leading economists endorsed the statement asserting that: * Free allocations will do little or nothing to protect families and businesses from higher energy costs. * Free allocations will represent a significant and undeserved windfall to utilities and other greenhouse gas producers. * Free allocations will deny the government the necessary resources to reduce the economic cost of combating climate change and will thus generate needlessly high costs of achieving any reduction target.

The link address is: http://www.cleanenergy.org/images/position_statements/SACE_EconStatement_FullList.pdf

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