scfranklin94

Cap-and-Trade Can Cut Emissions Without Major Economic Hit

'Cap and Trade' hasn't reduced European emissions one iota. Whenever an industry needs more emission credits and starts wailing that either they get the credits or they start cutting jobs, the European politicians hand out more credits. Why do we think it would be any different here?

If we really want to change emissions in the US we should just have the Feds spend 500B to build new power plants, rather than create an expensive transfer tax system that really doesn't change anything.