Explaining cap and trade

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An interesting little video from the creators of the Story of Stuff, this has an explanation of how “cap and trade” (emissions trading) works, and the major pitfalls with the system.

Unfortunately, the video is one of those preachy, moralising videos that is full of criticisms but no solutions. The closest it comes is proposing a “simple carbon tax”, without recognising that a carbon tax has as many policy hurdles as carbon trading (just look at tax avoidance and minimisation by big companies as it stands).

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