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The high cost of cap and trade: cap-and-trade programs to control carbon-dioxide emissions are an unacceptably costly way to deal with the supposed problem of man-made global warming.(ENERGY)

The New American

| May 11, 2009 | Mass, Warren | COPYRIGHT 2009 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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The term "cap and trade," in terms of a plan to reduce carbon-dioxide emissions into the air, is one that is heard widely of late as a proposed solution for the supposed problem of global warming. It will be discussed with more frequency as cap-and-trade proposals that failed to pass in the last Congress are reintroduced this year. But many people are still a little hazy about what "cap and trade" actually means. One succinct explanation appeared in an article on the Congressional Budget Office website: "The government would set gradually tightening limits on [C[O.sub.2]] emissions, issue rights (or allowances) corresponding to those ...

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