CAP AND TRADE POLICIES
Politicians are proposing or implementing Cap and Trade policies with the intended goal of reducing Greenhouse Gas (GHG) emissions. This a worthwhile goal that we should all support. However, when legislators and attorneys write the rules of Cap and Trade the process becomes unnecessarily complicated. The basic premise of Cap and Trade is that Companies that exceed GHG emission standards should pay a penalty or purchase an allowance for polluting from Companies that do not pollute. It is claimed that this process will encourage the polluters to not pollute in order to cut costs. In this paper we propose that money from penalties assessed under Cap and Trade policies be used to help CO2 sequestration through reforestation in locations recommended by the scientists.
WHAT THE SCIENTISTS TELL US
To study the effects of GHG emissions we need to look first at the magnitude of the problem and then review possible solutions. A brief summary of the facts follows. Continue reading “CAP AND TRADE POLICIES”