Cap and tax is a phony scheme to address a phony problem. It is designed to make a few influential people VERY rich while forcing all the poor and middle classes pay.
Odumbo and liberals pretend to "tax the rich" but then they push this Tax the Poor schemes.
Cap and trade, carbon credits...........they are not intended to clean the air.
They are financial instruments designed to make money for investment banks and brokers. The companies that use old coal fired plants pay extortion ( buy tax credits ) from companies that produce a net surplus of carbon credits. Companies that would have invested in their new technology regardless of the carbon credit exchange. And when the companies buy carbon credits it means that they don' to have to invest in new technology that does not pollute the air and water. The bankers and politicians want you to believe that all this is 'good stuff'. But at the end of the day our air and water is no cleaner today than it was 10 years ago. It is just smoke and mirrors. Just a financial scam.