Meet Cap 'n Trade

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

Category:

Education

Tags:

• marketplace
• whiteboard
• capandtrade
• financialcrisis
• paddyhirsch

[SteveCannon2007]

Bob and Bill both fart, but Bob farts twice as much as Bill. Bill can sell the farts he does not release to Bob so Bob can fart more. I think I got it . . .

[robbylafont]

Companies won't try and reduce their emmissions. They'll just move their operations to other countries that don't enforce cap and trade. Meanwhile, the seller of the "pies" (the government) will make money off a completely arbitrary commodity...

[gnosismonk]

A HUGE CON!

Somebody is going to make a lot of money here!

[Robbob9933]

Cap and Trade a completely mande up market place that produces no goods or services. The whole purpose is force the migration of industry from the developed nations to the "developing" nations who by the Kyoto Accord are exempt from Co2 production limits. Thes include China and India.

[Bellantoni]

What is to be said about people who care only about collecting sea shells as a tsunami races towards the shore? I have never heard such furious anger in my life than that which comes from a climate denier: someone who would jeopardize the future of the species, for the sake of maintaing the oil cartel's current global hegemony for just a few years more.

Can someone please explain to me why? Hopefully you'll respond with "global warming is a hoax" cause that I can easily dispel.

[FilmsareGreat]

How about NO! cap and trade



[FilmsareGreat]

Impeach Obama..... Cap n Trade in a world with no carbon based warming is Criminal

[alanlundell]

Cap & Trade sounds nice in theory but, just as there is financial incentive to cut back on carbon consumption, there is also financial incentive to maintain a quota system long after it has served its purpose. We all know where that road leads; straight to Washington as all special interests do. And, of course, that would leave us all badly needing a drink. I enjoy your videos though.

[AzBirdDog]

I'm not sick, and I don't need a drink. Let's add this to the video.

My company never gets sick, everybody and the company lives to a ripe 80 years old.

And my company and myself still pay the same ENERGY TAX, which what this is, for what?

For nothing.

Yet I made somebody very fat and rich at my companies expense.

Hmm, Sounds like a load of shit to me.

Hmm, Like a SCAM!

[mjbarrowful]

It"s good news for everybody if the energy companies lose profits, lay off workers and raise prices on consumers? not sure I follow that logic

[ascolti]

Oh, here's a real world example. Tata buys Corus. Corus then closes it's Redcar steel plant and gets £1 billion in Carbon Credits.

Then it opens a NEW steel plant in India, where it doesn't have to pay any carbon points. So £1 billion in taxpayers funds head to India and the pollution from the Indian plant is 10x as bad.

Way to go! Google "Corus Redcar Steel Works The Price Of Gordon Brown’s Insane Climate Change Policies"