This is a review of The Social Cost of Electricity: Scenarios and Policy Imperatives (Edward Elgar, 2010), which summarizes the results of a European Commission funded research project. The contributions in this volume stands out for their ambitious effort to model and quantify the external...

“Resource shuffling,” a form of carbon leakage, occurs when different subnational approaches to carbon regulation create variations in the costs of production across jurisdictions. This Article addresses the “resource shuffling” problem presented by California’s cap-and-trade program...