“Around the world, cap-and-trade is still alive and kicking“
Poor guy. Australia hasn’t even implemented its cap&tax scam yet and already it’s on life support with an absolute guarantee it will be expunged during the next parliamentary term. The rest are basically token decorations.
When the climate bill died in the U.S. Senate in 2010, most observers assumed that was the last dying gasp for “cap-and-trade” as a policy for tackling global warming. Here in the United States, it’s hard to find an environmentalist or Democrat who will even whisper the phrase anymore.
Yet cap-and-trade is very far from dead. Across the globe, dozens of countries are either enacting or studying cap-and-trade programs for their heat-trapping greenhouse gases, according to the World Bank’s 2012 Carbon Market Report. Some countries, like South Korea and New Zealand, have just recently passed full programs, in which they set a hard overall ceiling on their carbon emissions, and companies get pollution permits to trade among themselves. Other nations — from China to Costa Rica to Indonesia — are seriously considering the idea.