A tax or a well administered cap and trade program would be superior (and more favored by business) to EPA regulation, which is presumably why the EPA is now going to threaten to regulate the hell out of
carbon emissions.
The Obama administration will formally declare Monday that carbon dioxide and other greenhouse gas emissions pose a danger to the public's health and welfare, a move that lays the groundwork for an economy-wide carbon cap even if Congress fails to enact climate legislation, sources familiar with the process said.
