cap-and-trade

The Story of Cap & Trade from Story of Stuff Project on Vimeo.

With the Copenhagen Climate Conference just around the corner, world leaders, environmentalists, and economists are all debating the best mechanisms by which we can combat global climate change while continuing to grow the world economy. Most of these discussions (though not all) center on the concept of “cap and trade.” If you’re a little fuzzy on the idea, or know it but have a tough time explaining it to others, you’re not alone: it’s fairly complex on its face, and presents policy makers with a range of choices for harnessing market forces to reduce greenhouse gas emissions.