The Story of Cap and Trade

The Story of Cap & Trade from Story of Stuff Project on Vimeo.

This video posted on You tube explains how Cap and Trade works on a comic and interesting style.

The Cap and Trade law is a solution for a climate change by reducing the carbon dioxide emissions on companies. This works by giving a certain amount of permits to pollute or the use of fossil fuels to companies. Every year there will be fewer and fewer permits and companies will replace them for cleaner alternative nergies, as permits get fewer they will become more valuable, so companies will sell their carbon to other companies at a high price. It is a great solution for our climate change and economy too but unfortunately, it is not like we think it really is. Why?

This permits will be free. So it like we are paying them to pollute?

Offsetting. This works by removing the use of carbon and then government will sell the carbon just removed to another company. The issue here is that some companies will lie about their carbon removal and government will give carbon without even noticing that they shouldn't. In order words, companies will begin to lie about their carbon emissions.

Distraction. The Cap and Trade system is distracting us from seeing the real solutions to this environmental issues, like clean energies.

So, how will we solve our environmental issue? The video proposed this solutios:

-Having solid Caps
-Strong Laws
-Citizen Action
-Carbon Fees

So, what do you think about Cap and Trade now?