The Problem With a ‘Cap-and-Trade’ System
It will be very costly, but probably ineffective as a means of reducing greenhouse gas emissions.
Now that Democrats have won the presidency and expanded their majorities in both houses of Congress, they will be under enormous pressure from environmentalists to implement a “cap-and-trade” system for regulating carbon dioxide and other greenhouse gas (GHG) emissions. Barack Obama has called for significant reductions in GHG emissions, and he favors a cap-and-trade approach. According to recent polls, a bare majority of Americans say they support government regulation of GHG emissions, and 59 percent support a cap-and-trade program.
Now that Democrats have won the presidency and expanded their majorities in both houses of Congress, they will be under enormous pressure from environmentalists to implement a “cap-and-trade” system for regulating carbon dioxide and other greenhouse gas (GHG) emissions. Barack Obama has called for significant reductions in GHG emissions, and he favors a cap-and-trade approach. According to recent polls, a bare majority of Americans say they support government regulation of GHG emissions, and 59 percent support a cap-and-trade program.
posted by HeavyHanded at
6:05 PM
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