The goal: To limit the rise in global temperature to approximately 2.0 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels by 2050 by reducing carbon dioxide and other emissions from companies as part of a larger plan for curbing global warming.
The cap: To achieve this goal, the U.S. government should steadily tighten the cap until emissions are reduced to 80 percent below 1990 levels by 2050. Businesses would have to obtain permits entitling them to emit a certain quantity of carbon dioxide or its equivalent in other greenhouse gases. All permits would be auctioned off by the government. Emissions permits in the near term would likely fall in the range of $10 to $15 per metric ton of carbon dioxide or its equivalent.
The profits: If the federal government auctions the emissions permits to the companies required to reduce their emissions, it would create a large and dependable revenue stream. These financial resources could be used to achieve critical public policy objectives related to climate change mitigation and economic development. The federal government can also choose to “grandfather” allowances to the polluting firms by handing them out free based on historic or projected emissions. This would give the most benefits to those companies with higher baseline emissions that have historically done the least to reduce their pollution.
it would create a large and dependable revenue stream. it would create a large and dependable revenue stream and then it would create a large and dependable revenue stream.
THis Cap and Trade is Crap and paid....just another tax. Spread the wealth around you suckers, Your wealth not Obama's.
it would create a large and dependable revenue stream. it would create a large and dependable revenue stream and then it would create a large and dependable revenue stream.
THis Cap and Trade is Crap and paid....just another tax. Spread the wealth around you suckers, Your wealth not Obama's.
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