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Carbon Policy

WSPA believes that if a state is going to pursue climate policy, a well-designed market mechanism should be the central and primary focus of that effort. When well-designed, market mechanisms can harness the power of the market to find the least cost greenhouse gas emission reductions. And it is well understood by economists that market mechanisms are most effective in reducing emissions when they operate without overlaying direct regulations that force emission reductions to occur from a specific sector. Therefore market-based approaches can help balance the need to achieve greenhouse gas emission targets while reducing the economic impact on the economy, jobs, families, consumers and businesses.

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