Carbon Tax and Refund
Loses to "Cap and Trade".Here is a review of a Carbon Tax and Refund plan.
Below are some of the solutions (aka, unenforcable rules) to some of the problems with "Cap and Trade".
I recommend reading the "Cap and Trade" summary not the legislation. The summary sounds so much more hopeful. What is copied below is from the legislation.
Note to Representative Waxman,
Good luck with this.
‘‘(2) REGULATIONS.—The regulations promul14
gated pursuant to paragraph (1) shall—
15 ‘‘(A) provide for effective and comprehen16
sive market oversight;
17 ‘‘(B) prohibit fraud, market manipulation,
18 and excess speculation, and provide measures to
19 limit unreasonable fluctuation in the prices of
20 regulated allowance derivatives;
21 ‘‘(C) facilitate compliance with this title by
22 covered entities;
23 ‘‘(D) ensure market transparency and rec
24 ordkeeping necessary to provide for efficient
25 price discovery; prevention of fraud, market ma-
1 nipulation, and excess speculation; and compli2
ance with this Act;
3 ‘‘(E) ensure that position limitations for
4 individual market participants are established
5 with respect to each regulated allowance deriva6
7 ‘‘(F) ensure that margin requirements are
8 established for each regulated allowance deriva9
10 ‘‘(G) provide for the formation and oper
11 ation of a national market system that allows
12 for best execution in the trading of regulated al13
14 ‘‘(H) to the extent the regulations deviate
15 from the rule set forth in paragraph (4)(B),
16 limit or eliminate counterparty risks, market
17 power concentration risks, and other risks asso18
ciated with over-the-counter trading; and
19 ‘‘(I) include such other requirements as
20 necessary to preserve market integrity and fa21
cilitate compliance with this title and the regu22
lations promulgated under this title.