It’s generally agreed among economists that the solution for climate change is either a carbon tax or a cap and trade permit system. This does of course assume that you agree that climate change is a problem that requires a solution. But assuming that, which of the two systems is better: the answer appears to be the one that leaves less room for politics and corruption. To the extent that there is a difference between those two things.

It should of course be true that politics only ever provides the best possible solution and that there is no room for corruption in any system. This is not a hope that passes any contact with the world that we actually live in. So we’d like to find out which of the two systems are more or less prone to these problems.

via Carbon Tax or Cap And Trade? Whichever Leaves Less Room For Politics And Corruption – Forbes.