Capping Carbon...
What Is Cap and Trade?
It's the policy that stopped acid rain. The Environmental Defense Fund's goal is to apply the same principles to stop climate change:
Cap: Limit carbon emissions
Trade: Get environmental results at lowest cost
The "cap" sets a nationwide limit on emissions, which is lowered over time to reduce the amount of pollutants released into the atmosphere. The "trade" creates a market for carbon allowances, helping companies innovate in order meet, or come in under, their allocated limit. The less they emit, the less they pay, so it is in their economic incentive to pollute less.
Find out more about carbon capping
Wednesday, April 22, 2009
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