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As Congress weighs a mandatory limit on GHGs it is likely to turn to a system that sets a ceiling on CO2 and allows industries to buy and sell permits. Cap and trade is embraced by Obama, Democrats, environmentalists and a number of businesses. Many supporters dismissed the idea as a scheme to avoid the real costs of air pollution. The answer was regulation, technology and a tax on CO2.
How did cap and trade become policy of choice? The answer is where most policy debates are settled: politics
Originally posted by TheAssociate
I think the cap and trade system is being put in place to allow the government to throttle the productivity of one company in favor of another (probably the one that contributed to a particular politicians campaign or traded some other sort of favor for it.)