June 30, 2009

Cap and Trade Bill, Explained (VIDEO)

"Apparently most Americans don't know what Cap and Trade is (or they forgot somewhere along the way.) So this is EcoGeek's intro to cap and trade, what it means for the country, for global warming, for the environment and for green technology."

Cap and Trade Bill, Explained (VIDEO)

"Essentially, a carbon cap is a ceiling or limit on greenhouse gas pollution. The cap obligates companies to pay for the carbon they emit—the less they emit, the less they pay—therefore, it is in their best interests pollute less."

"The Cap and Trade bill would mean every year that the total amount of pollution gets lowered, thereby making polluting rights more expensive, and reinforcing the incentive for companies to go greener. It is actually a pretty balanced idea because it leaves it to the markets to figure out how best to complete the carbon lowering task, yet creates boundaries so that the market doesn't get out of control or do something that it wasn't designed to do... "

Cap and Trade Bill, Explained (VIDEO)

Posted at June 30, 2009 4:20 AM

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