Tom Raftery's Library tagged "cap and trade" →  View Popular, Search in Google

There are many obstacles to taking action on climate change. Most of those obstacles have deep roots: there are powerful interest groups that don’t want market prices to reflect true costs, and there are ideologues — financially supported by these interest groups — who don’t want to admit that sometimes the government has to intervene.

But there’s also, it seems, growing opposition to cap-and-trade from people who should be on the side of progress — but whose reaction is basically “Eek! Markets!Wall Street! Speculation! Bad!”

We don’t need this.

So let me talk a bit about why this reaction is 99% wrong, and bad for the planet.

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What do Nike, Symantec, eBay, Aspen Skiing Company, Clif Bar & Company, Seventh Generation, Levi Strauss and Co., and Starbucks have in common? They are all members of BICEP (Business for Innovative Climate and Energy Policy) and signatories of a recent full page ad in the Wall Street Journal showing business support for U.S. action on climate change and clean energy legislation this year.

climate climate change greenmonktv bicep cap and trade