The concept of 'cap and trade' has taken a beating as the debate on a U.S. climate bill drags on. In an Opinion Editorial for the Capitol Hill-focused Roll Call, Evolution Markets CEO Andrew Ertel, comes to the defense of cap and trade.
Market-based approaches to environmental problems originated in the U.S., and the shining example remains the U.S. program to curb sulfur-dioxide (SO2) emissions that contribute to acid rain. As we mark the 20th anniversary of the U.S. Acid Rain trading program, Ertel encourages lawmakers to learn its essential lessons and focus on making the carbon cap and trade program simple.
You can view the full article HERE.