Under cap-and-trade, if a business can cut emissions faster, you can trade emission credits - for a price - to a business that can’t. (Photo courtesy of the US EPA)
Congress is debating a cap-and-
trade plan to reduce greenhouse
gas emissions. But a recent poll
determined most people don’t know
what cap-and-trade means. Lester
Graham reports:
Transcript
Congress is debating a cap-and-
trade plan to reduce greenhouse
gas emissions. But a recent poll
determined most people don’t know
what cap-and-trade means. Lester
Graham reports:
A poll by Rasmussen found 76% of Americans don’t know what cap-and-trade is.
Person 1: “Putting a price cap on something?”
Person 2: “Cap and trade? I have no idea.”
Person 3: “Captain Trade? I never heard of him.”
Here’s the simple version: cap greenhouse gases. The government will lower that cap over time.
Cut emissions faster, you can trade emission credits – for a price – to a business that can’t.
Overall, it’ll make fossil fuels more expensive, clean energy cheaper.
Democratic leaders in the House have agreed on a cap-and-trade plan. Republicans – and some Democrats – hate the plan. They think it’ll cost the economy too much.
The House will likely pass it. But Darren Samuelsohn with GreenWire says President Obama will have to push for it in the Senate.
“He could probably twist some arms and make some votes go his way if he really wanted it.”
And, even then, CAP and TRADE will likely only squeak through.
For The Environment Report, I’m Lester Graham.