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As long as industries can generate cheap energy by burning fossil fuels and not pay a cost for the resulting pollution, they will have no incentive to find better ways to generate energy. Also, cap and trade can generate funds that can be used to preserve rain forests, another key factor in the climate change equation. Finally, if the United States does nothing to curb our own generation of CO2, we have no credibility in negotiating with other countries to curb theirs..

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Anything that depends on local consumption, whether it’s restaurants or retailers they probably face the highest direct impact. Q: What in your opinion should policymakers learn from your study? A: Specifically for Southern California, I think it does support the idea to revisit the availability of public transportation. We are probably the most highly oil dependent region in the whole United States in terms of commuting.

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