Why Cap And Trade Is A Better Solution - 857 Words

Andrew Moylan, a conservative who advocates free market and limited government, has argued that carbon tax is the less complex and better guarantee solution to carbon reduction; however, the main purpose of this paper is to rebut his argument and to present why Cap-and-Trade is a better solution compare to other solution in controlling variables, ensuring social justice and last expanding global regulation on carbon dioxide. In which how cap and trade can reduce carbon emission and save the earth from climate change becomes the fundamental question. Consisting passion on the environment more than economy, I construct my point of view base on a belief that all human beings feel connected to the environment and take responsibilities in regulating themselves, thus this paper reflects a macro level perspective. My central assumptions are that first, that the government or agency have already figured out the target setting in which encourages emission reduction but stimulates technologica l innovation. Secondly, the trading systems between corporations are transparent and honest. Last, I am also assuming that there can only be one solution to carbon reduction. As a result of dumping unlimited amounts of carbon pollution into the atmosphere, we have exceed planetary boundary, thus the government should immediately regulate and monitor carbon emission in order to prevent growing consequences of climate change. Through concepts such as technological hubris and Jevon’s paradox, I willShow MoreRelatedAnalysis Of Carbon Taxes Versus Cap And Trade1328 Words   |  6 Pageshave previously turned to solutions surrounding cap and trade or carbon tax legislation. However, with every solution, whether it be cap and trade, or carbon taxes, comes pros and cons. Those who favor cap and trade value its long term environmental promises, economic incentives (allowances and allowance auctions), and efficiency. On the other hand, those appreciate carbon taxes because of their si mplicity, promising tax revenue, and market certainty. Fans of cap and trade and carbon taxes, like DavidRead MoreEssay on Carbon Tax vs. Cap and Trade1290 Words   |  6 Pagesthe atmosphere include: subsidies of alternative energy, cap and trade, carbon taxes, and command and control regulation. We will examine and compare the effectiveness of two of these methods: The carbon cap and trade system, and carbon taxation. The popular solutions both propose placing a price on Carbon Dioxide, in hopes that it would cause households and industries to reduce their greenhouse gas emissions. Government enacted solutions are probably the most effective ways to reduce carbonRead MoreThe Issue Of Climate Change1082 Words   |  5 Pagescatastrophe. The solution should be to use a global cap and trade system per capita which would compensate poor nations for damages that rich nations would cause. Climate change has been brought about by wealthy nations spewing greenhouse gases into the atmosphere more than their population ever justified. Now the poor and third world countries want reparations for the damage done to their atmosphere while leaving them using less than their fair share of the atmospheric sink. The solution that would workRead MoreRenewable Energy Is Important For Our Environment1610 Words   |  7 Pagesindividuals with clean sources of energy and it reduces the impact that it will have on the environment (Why is renewable energy important?) Second, if we use renewable energy then we will have energy for future generations, such as our children and our grandchildren because renewable energy will never run out we will always have it, unlike other sources of energy that will eventually run out (Why is renewable energy important?). Third, renewable energy sources are important for the world’s economyRead MoreCap and Trade: One Solution to Climate Change Essay3918 Words   |  16 PagesCap and Trade: One Solution to Climate Change The threat of climate change in recent years is recognized as a real and potentially catastrophic threat to the health and welfare of our planet, as industrialized nations continue to run their economies by burning carbon into the atmosphere. Recently, it has taken on a larger role in our national media, the public, and the government, as the effects of anthropogenic climate change become more evident. In the United States, for example, the year 2007Read MoreA Brief Note On Cap And Trade System1945 Words   |  8 PagesCap and Trade â€Å"A carbon cap and trade system has long been rumored to be in the offing at the federal level as a way to both reduce emissions and raise revenue for transit, and transportation, investment. That said, few truly understand how the proposed system works and how it might impact their community† (An Introduction to Cap-and-Trade Programs). To better understand what is cap and trade, we have to know why we need to have this system. A long time ago, cap and trade use to be known asRead MoreGovernment Policies And The Targets Of The Policy1530 Words   |  7 Pagesrenewable energy and energy saving technologies (c2es.org). Describe why the environmental issues are either a) important, b) amenable to policy intervention, or c) some balance of the two. Climate change is an important issue because it is vital to the future of the world. Rising levels of greenhouse gases are causing the world to surpass the planetary boundary of climate change. According to the Center for Climate and Energy Solutions, â€Å"Rising greenhouse gases are already increasing the risks fromRead MoreWhy A National Carbon Cap And Trade Program Is Missing?1756 Words   |  8 Pages Kun Lou Why a National Carbon Cap-and-Trade Program is Missing? Cap-and-trade is a system designed to reduce emissions. Once a cap of certain emissions is set, companies are allowed to sell their unused portion to ones who exceed the cap. The feature of cap-and-trade is that instead of commanding companies how to reduce their emissions, it simply imposes a cap on emissions1. A company makes it own decision on how to use it allowanceRead MorePrada Ipo or Not Essay1490 Words   |  6 PagesProblem: Prada requires a significant amount of capital both to re-finance debt that is maturing in the next six to twelve months and to finance its intended growth into the Asian (especially Chinese) markets Alternative Solutions: #1) IPO: (Initial Public Offering) Cons: High tax and pricing We received little demand from our (retail) clients for the (Prada) shares. It might be the 12.5 percent tax that scared them away and the pricing itself was expensive when it comparedRead MoreCharacteristics Of A Free Market Economy1548 Words   |  7 PagesPareto optimality, where individuals cannot become more well off others becoming worse off (Hill, 2006). Also, there would be defined legal ownership of all resources and access to free perfect information. There are a number of reasons why market failure in agriculture occurs. One of the reasons is imperfect competition such as monopsony where there are a large number of sellers but only a single buyer. Due to the high buying power of supermarkets such as Tesco, farmer profits can be