14 Apr '12, 8pm

Food & Water Watch Takes a Hard Look at Market Self-Regulation

Food & Water Watch Takes a Hard Look at Market Self-Regulation

The same thing can be said for pollution, where cap and trade is the rule of the day. But as a recent report , entitled, “Bad Credit: How Pollution Trading Fails the Environment,” points out, paying someone not to pollute is a little bit like paying a burglar not to rob your house. Cap and trade systems, which have been used with some success to limit criteria pollutants that cause acid rain, are now being proposed for use on everything from greenhouse gases to water pollution. If the ultimate goal is to make the polluter take responsibility for his pollution, cap and trade makes polluting legal, but costly. But the costs don’t cover all the effects, like for example, the health effects of coal emissions. Since the true value of the credits is unknown, it is difficult to maintain a stable mrket, which is exactly what has happened in the case of acid rain. Prices have fluct...

Full article: http://www.triplepundit.com/2012/04/food-water-watch-take...

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