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Cap and Trade Some Background

Original post made by Kathleen, Amador Valley High School, 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.

Web Link

Comments (4)

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Posted by Margaret
a resident of Another Pleasanton neighborhood
on Oct 15, 2010 at 3:33 pm

Hey Kathleen,
Here's another view of Cap and Trade...which was not written by a government organization like the one you cited.

"The estimated aggregate losses [within two decades from Cap and Trade] to Gross Domestic Product (GDP), adjusted for inflation, are $4.8 trillion. By 2029 the job losses in the manufacturing sector will be nearly 3 million. This is over and above the nearly one million manufacturing job losses that most economists predict will occur even in the absence of global-warming legislation."

Source>>> Web Link

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Posted by Kathleen
a resident of Amador Valley High School
on Oct 15, 2010 at 7:27 pm

While the Smithsonian Institution is not a government organization, it does get funding from federal sources. But, then again, the Heritage Foundation is about as far from non-biased as it gets. And the author of the piece that Margaret references is one man with one point of view who stated up front that he does not represent the position of the Heritage Foundation.

What I had hoped most readers of the article on the history of cap and trade would walk away with is the understanding that the numbers being tossed about regarding the economic impact of cap and trade are purely hypothetical. Until an actual contract negotiated by a CO2 producer industry is hammered out, with all the necessary goals, measurements and valuations, numbers like those quoted by Margaret have no value.

The second major point is that it is designed to be self-regulating. The government does not run the cap and trade quotas unless the producer industry asks for monitoring by an agency, like the coal industry did of the EPA.

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Posted by Strangle
a resident of Another Pleasanton neighborhood
on Oct 15, 2010 at 7:57 pm

It's windfall $$ for big business. It sucks $$ out of small business. It has nothing to do with altering climate.

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Posted by Maria
a resident of Another Pleasanton neighborhood
on Oct 15, 2010 at 10:52 pm

"Our mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense."- Heritage Foundation mission statement

Food for thought.

Sorry, but further commenting on this topic has been closed.

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