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Cap and Trade Some Background
Original post made
on Oct 15, 2010
So often I read comments from posters on this forum referring to "Cap and Trade" who clearly are not fully aware of how it is actually designed to function, what it was originally designed to accomplish and the political history of its successful uses in the US. When was the last time you heard that the forests of the northeast were dying from acid rain? Using cap and trade policies, the coal industry self-regulated itself and largely ended the environmental damages from acid rain.
Hopefully this article from the Smithsonian will answer a few of your questions.