Cap and Trade not Cap and Tax

by: buda4every1

Mon Oct 12, 2009 at 00:25:59 AM EDT

Cap and trade is an administrative approach to reduce green house gas emissions. The controlling body sets a Cap on the total amount of emission for a given period of time. Each group or firm than receives emission credits, the total of all credits issued is equal to the Cap for the specified amount of time. Firms that need to emit more than the credits they received are able to buy credits from firms who emit less than they are allowed. This system punishes firms who emit a great amount of pollutants and benefits those who can reduce the amount they emit.

 http://mi-wire.blogspot.com/

How does this system benifit us? this would greatly reduce greenhouse emissions, the goverment would be able to dictate what is an acceptable amount and force companies to follow those guidelines. Cap and trade is also a great revenue source for the federal goverment, as companies would be forced to buy the emission credits.

critics of this program say it will cost jobs and raise taxes... Well this program will not affect either when we cut our greenhouse gas emissions to zero, All of the lost jobs will be replaced by green jobs and there will be no new taxes when there are no emissions.

This will go along way in turing our economy green and increasing revenue to reduce our deficit.

http://mi-wire.blogspot.com/