Carbon Tax Versus Cap-and-trade Approaches To Global Warming - Part 2
As you may recall from Part 1 of this article, in the cap-and-trade system many companies might get away with carbon emissions that are below the “certified limits”. And that’s a crucial point since cap-and-trade policy might bog down in implementation nightmares. Who is going to determine the “caps” on an industry by industry, and company by company basis? Wouldn’t that require a new immense federal bureaucracy of its own?
However the momentum right now seems to be still with the cap-and-trade idea. As of this writing in April 2007, five different cap-and-trade measures are currently being evaluated in the U.S. Senate.
Tags: cap-and-trade, carbon emissions, carbon tax, global warming, Greenhouse Gases