
I took an AP Environmental Science course in high school, so I knew the logistics of the issue. In writing this paper though, I definitely did some more research to solidify my knowledge base on the subject. Cap and trade is basically a policy where the nation has set a cap, or limit on the amount greenhouse cases that can be emitted into our earth's atmosphere. The most common greenhouse gases are dioxides including, but not limited to Carbon Dioxide, Sulfur Dioxide, and Nitrogen Dioxide. As we all know, greenhouse gases are harmful because the emission of said substances into the atmosphere has been scientifically proven to deplete the ozone layer and accelerate global warming.
With the cap and trade policy, companies can purchase pollution permits so that they can pollute within reason. Companies that foresee falling short of their allotted pollution have the power to sell their permits to other companies. This is where environmentalists think that the policy is no good and has the potential to be manipulated and misconstrued. They are under the impression that some companies will pollute well within reason while others will pollute obscene amounts because they have purchased the permits of other companies. What the environmentalists against the policy do not see however, is that companies who pollute over the national standard are harshly fined. In general, no one wants to be slapped with a fine no matter how wealthy or how powerful the entity is.
If the policy were put in place, about 17% of pollution would be eliminated by 2013 and about 83% would be eliminated by 2050! That alone is incredible. Not to mention that if this policy were put in place, many new green jobs would be created and there would be more opportunities for scientists, inventors, and entrepreneurs to develop new, cleaner ways of doing things. Cap and Trade is an excellent policy that should be put into place immediately. Here is a
link to a video that helped me solidify my stance on the topic.