Cap and trade was basically 'here little companies and poor but well intentioned environmentally conscious individuals...hand all your money to people like Rajendra Pachauri and Al Gore who already have a lot!'
They should be in jail...both of them.
Neither...but if you must...just slap a fracking tax on it. No more of this free market bullsh**t. Every time its just a transfer of wealth upwards with the blessings of the 'left'. Its absolutely disgusting.
Do you know what cap-and-trade is though?
What about the NOx cap-and-trade program? Do you think we should tax NOx and SO2 instead? What about mercury? Should companies be able to dump mercury into the atmosphere as long as they pay a tax?
I think trying the idea with co2 would need a lot better planning and oversight than the attempts so far, which have been failures that enriched a few people.