Cap and Trade by Numbers

Living on Earth asks Harvard economist Robert Stavins to breaks down carbon emission cap and trade policy proposals, and explores what a climate change bill could mean for the planet and pocketbooks.

President Obama has called for a cap and trade system to limit the greenhouse gas emissions that cause climate change. Host Bruce Gellerman asks Professor Robert Stavins, director of the environmental economics program at Harvard’s Kennedy School of Government, for a primer on how the environment and people can profit from pollution.