Cap-and-Trade's Unlikely Critics: Its Creators
Economists behind the original concept of cap-and-trade question the system's large-scale usefulness, and recommend emissions taxes instead. Full Story »
Posted by Kelly Garrett - via Alan Murray, Wall Street Journal (Most Emailed), NewsRack (Energy)
It is refreshing to see this and the problematic issues Mr. Crocker brings up trying to apply such a scheme. What was not discussed is that Cap-and_trade becomes just another tax revenue for governments and funds get diverted to other political issues. That is what California is looking to do.