Torts, Taxes, and Trading

Cap and trade systems are a prominent tool for controlling pollution, most importantly the CO₂ pollution that causes climate change. Why would a nation or region choose to use a cap and trade system instead of other tools?  And if cap and trade systems are appropriate for addressing climate change, where else might they be used? This talk will examine these questions, looking the similarities and differences between trading systems, taxes, and torts for controlling harm-causing behavior. It will then turn to how trading can be used as a regulatory tool in a wide variety of contexts, as well as examining the many problems with using trading systems.

Catering provided by Medici, including Gluten Free, Vegan, and Vegetarian options. Please contact Candace Mui (mui@uchicago.edu) for assistance with event accessibility, including dietary requests.  

Please submit dietary requests 8 business days prior to the program. Although we will try to accommodate dietary needs, it is not guaranteed.