Cap_and_Trade

Cap_and_Trade - Cap and Trade - The New Your Times Updated:...

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Cap and Trade - The New Your Times Updated: March 26, 2010 Cap and trade is a regulatory system that sets a government limit on overall emissions of pollutants like the heat-trapping gases scientists have linked to global warming -- the "cap." It then allows utilities, manufacturers and other emitters to "trade" pollution permits, or allowances, among themselves. The idea is to limit whatever is being capped through market forces -- many economists consider cap and trade the equivalent of a tax -- rather than through direct regulation. Environmental groups and their foes in industry once joined hands to embrace the approach. President Obama praised it by name in his first budget, and the authors of the House climate and energy bill passed in June 2009 largely built their measure around it. But Senate legislation languished, and by the spring of 2010, the concept was in wide disrepute, with opponents effectively branding it "cap and tax," and Tea Party followers using it as a symbol of much of what they say is wrong with Washington. President Obama dropped all mention of cap and trade from his budget, and the sponsors of a
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Cap_and_Trade - Cap and Trade - The New Your Times Updated:...

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