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Thursday, July 2, 2009

Video Series: Meet Cap 'n Trade

Source: American Public Radio

Cap and Trade is the linchpin of the government's effort to curb carbon emissions. Senior Editor Paddy Hirsch explains how the cap and trade model works.

Meet Cap 'n Trade from Marketplace on Vimeo.


Anonymous said...

There are a few things you need to expand on to give a balanced view:

1. Who will pay for the cap portion of this, it will not be industry it will be the consumers of energy. i.e. the costs will be passed onto households and businesses that consume energy.
2. You also need to elaborate on the trade portion of cap & trade. How susceptible will this be to speculators on wall street who can drive up the prices of the coupons/surplus that are traded.

Both cap and trade portions of cap & trade will raise the cost of energy and will be paid for in full by consumers like you and me.

Another aspect that is often overlooked is the added cost to businesses who will pay for higher energy costs (primarily manufactureres) and the added incentive it provides for them to ship jobs overseas to countries that are not reducing and have to plan to reduce their CO2 emissions (e.g. China, India, Vietnam, etc).

Not against reducing CO2 emissions to reduce pollution (though I'm not completely sold on the global warming argument), but wanted to highlight who ends up paying for this - noble endeavor.

BTW, love your videos, please keep up the good work.

George. said...

I agree, the video does not cover all aspects of cap and trade. It provides basic info about it and does not cover any possible disadvantages.

I think there is lots of unknown about cap-n-trade as you mentioned most important being the 'cost' to business and consumers. Thanks for the comments.