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Jonathan Kay: The Tea Party Movement Is Full of Conspiracy Theories

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Slumbering Behemoth Stinks2/10/2010 8:19:27 pm PST

re: #204 Mosh

A politician knows that businesses will not shift towards a climate conscious economy on their own. A cap and trade system is the best way to create a free market incentive to shift away from fossil fuels.

Our cap and trade plan cannot be a permit giveaway scheme like France’s was. If that happens the system will be ripe with profiteering and could even lead to offsetting of carbon emissions.

That’s exactly what cap and trade is. At least, as far as I understand it. When one party reaches it’s emission cap, it buys units of emission permits from other parties that operate below the cap.