Unformatted text preview: passed onto consumers and it will hurt the economy and if you don’t believe in global warming, then you wont be in favor of cap and trade. During 2008 election campaign, global warming was important issue for Democrats and Obama supported cap and trade. He pushed the measure and the House passes cap and trade measure in June. The goal of this bill was 17% reduction in greenhouse gas emissions below 2005 levels by 2020 and 83% reduction by 2050. Bill would be in effect in 2012. Not clear if it will pass senate....
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- Summer '08
- Greenhouse gas emissions, Cap, Trade- Industries