Remember “Cap and Trade?” The anti-market allegedly “market-based” “solution” to man-faked global warming climate change?
A central authority (usually a governmental body) sets a limit or cap on the amount of a pollutant that may be emitted.
The limit or cap is allocated and/or sold by the central authority to firms in the form of emissions permits which represent the right to emit or discharge a specific volume of the specified pollutant.
Permits (and possibly also derivatives of permits) can then be traded on secondary markets.
Only if (you) want government to raise energy prices, make coal uneconomical as an electricity fuel, or restrict Americans’ access to carbon-based energy.…
“Cap and trade” is a policy so disastrous it couldn’t pass a Democrat-majority Congress – with Democrat President Barack Obama eagerly waiting with pen at the ready. More