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The Big Stick: Cap and Trade in the Peoples Republic of Carbon / Maximilian Auffhammer, Energy Institute at Haas's blog, 15/09/2014http://energyathaas.wordpress.com/2014/09/15/the-big-stick-cap-and-trade-in-the-peoples-republic-of-carbonMany of us have argued that a patchwork of national or subnational climate policies is a largely pointless undertaking unless the big two (United States and China) are part of that patchwork. The US has taken some steps towards national regulation recently and there are noises coming out of China that the next five-year plan will contain a significant piece of mitigation policy...