18 Sep '11, 5am

Obama Wins Cap and Trade War to Cut Ozone Pollution

Obama Wins Cap and Trade War to Cut Ozone Pollution

Under cap and trade, dirty power plants must cap pollution. That is the cap. Dirty power plants must pay money to the cleaner power plants. That is the trade (in “emissions quotas”). The money from the dirty power plants pays for the new technology that the clean power plants install to emit less pollution. It is simple, and costs taxpayers little or less than nothing: the CBO score of the climate cap and trade bill showed a net gain of $60 billion over the next eight years, for example.

Full article: http://cleantechnica.com/2011/09/18/obama-wins-cap-and-tr...

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