Thursday, May 13, 2010

Who gets the goodies?

Ted Gayer looks at who gets the value of carbon allowances in the new Senate cap-and-trade bill.  He finds that, over the first decade, the bill auctions less than a quarter of the allowances, the remainder being given away to such things as electricity local distribution companies, trade-exposed industries, refiners, commercial developers of carbon capture and storage, and a National Industrial Innovation Institute.