tag:blogger.com,1999:blog-2996293916487771534.post6927748814195736143..comments2011-06-14T13:18:32.027-07:00Comments on Life During Wartime: On the Free MarketExleyhttp://www.blogger.com/profile/17927155477901100312noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2996293916487771534.post-51584613539096214542011-05-26T06:49:03.167-07:002011-05-26T06:49:03.167-07:00It's true that companies will still be able to...It's true that companies will still be able to pollute, but to get those carbon credits they will have to pay those ethically behaving companies. This will make dirty energy more expensive while rewarding companies that produce clean energy, making clean energy more lucrative to produce. At the same time, the number of credits issued (the cap) will shrink over time reducing the amount of carbon produced, making the credits even more expensive, and transferring more money to the ethical companies. Now the wall street traders facilitating this exchange will probably make out like bandits, which is one of the reasons I prefer a carbon tax. I doubt that a cap and trade system would fail though. After all, it worked in the early 90's at reducing the chemicals that cause acid rain.Exleyhttps://www.blogger.com/profile/17927155477901100312noreply@blogger.comtag:blogger.com,1999:blog-2996293916487771534.post-61101669008803174212011-05-25T12:00:55.064-07:002011-05-25T12:00:55.064-07:00Cap and trade won't work well. It will continu...Cap and trade won't work well. It will continue to allow big, polluting companies to do so as long as they can get carbon credits from small, ethically behaving companies.dlmosherhttps://www.blogger.com/profile/15577674372810897992noreply@blogger.com