Government, Business, Citizens, how does each group benefit from support of Cap and Trade?
- Anonymous1 decade agoFavorite Answer
Government: Increased revenue through a more vibrant economy
Business: Tax savings through accelerated depreciation of carbon emission reducing systems
Is your next question about how each group gets screwed in the process? This isn't difficult or tricky like global warming. Basic arithmetic should be able to determine whether cap and trade makes good financial sense for the country--whether the good aspects outweigh the bad, or not.
- nathan fLv 61 decade ago
I'm not sure how it will work with CO2, but I don't remember any one that suffered when we used it for SO2.
Of course most people want to forget that Reagan instituted cap and trade when SO2 (sulpher dioxide) was killing the forests. The polluters bitched for a while, then installed scrubbers and ended the problem.
People have very short memories.