Saving Rainforests: Why Cap & Trade is a Proven Solution?

http://www.eco-rescue.info Time Magazine's Time Magazine's Energy & Climate Writer Bryan Walsh explains says the market-based solution known as "Cap & Trade" helped solve the problem of Acid Rain. And that's why many say it can help solve Deforestation & Global Climate Change. See below for Bryan's verbatim answer. http://www.eco-rescue.com LOS ANGELES, California, October 2, 2009 (ENS) - At Governor Schwarzenegger's Global Climate Summit today, 30 governors, premiers, mayors and senior officials from around the world and the United Nations declared that workable solutions to global warming exist and they want a strong climate deal to emerge from negotiations in Copenhagen this December.

Governor Arnold Schwarzenegger, who convened this second annual summit of subnational leaders, said, "Addressing the problems caused by climate change is the greatest environmental challenge of our time."

"We have deepened our partnerships and renewed our commitment to work collaboratively to reduce greenhouse gas emissions and create a cleaner planet and stronger economy for the next generation. In signing this declaration we are sending a powerful message to the national leaders negotiating the next global climate agreement that we are ready for action," said Schwarzenegger. "The time to act is now."
The participants agreed to work together to pursue clean transportation and mobility, support national climate change legislation, include forests in climate policy development, acknowledge the need for adaptation efforts, and recognize the role of subnational governments in the discussions on the next global climate agreement.
In December 2009, world leaders are expected to meet in Copenhagen and agree on a treaty to limit greenhouse gases that will take over when the Kyoto Protocol expires at the end of 2102.

Bryan Walsh: "well cap and trade is really the only solution that is out there right now -- trying to use markets to reduce carbon emissions. It got into common parlance because it worked really well when we were dealing with the pollutants that cause acid rain back in the 90s. They created a, put a cap on those pollutants. And that incentivized companies to reduce them. And you have the trade part as a way to get more efficient. If one company was better than they could trade those permits, make money off it, to ones that were less good."

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