Seems like a cut and paste or an alter. Either way, I'll offer you this. From an economic standpoint, and assuming for your purposes climate change is real and man-made, carbon emissions in Baton Rouge have the same affect on individuals in China. Thus, carbon emissions are a global problem that can't be fixed unilaterally. However, you and other people buy into this notion that unilateral action on curbing GHG's will change the atmosphere and the universe. We're a beacon for the global economy and others will follow? Right? Well, no. Instead, you raise prices by placing supply constraints on carbon markets without any change in demand in the short-term. And if you did have a change in demand downward, it would just make the supply glut great for carbon resources, demand would rise exponentially in developing countries, and you would possibly see an increase in carbon emissions globally.
In short, cap and trade is bad policy. Yet, liberals support it. It's dumb.
This post was edited on 11/13 at 10:20 pm