Cap-and-Trade has already passed the House, and there is a very good chance that the Senate could take it up in September when it returns from its summer recess. If the measure ultimately becomes law, it is destined to do one thing with absolute certainty: it will raise immense revenues for the government and for those special-interest groups and individuals actively supporting its passage. As for its effect on the environment, there will be none. Zero.
That’s right. If implemented, cap-and-trade will have no effect on the environment. Who says so? None other than Thomas Crocker, the man who devised it!
“I’m skeptical that cap-and-trade is the most effective way to go about regulating carbon.”
Crocker initially thought up cap-and-trade way back in the 1960s, as a university student trying to finish his thesis. It was a theoretical model designed to address the specific problem of pollution produced by fertilizer plants in Florida.