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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution
Green Car Congress
APRIL 10, 2010
The Cantwell-Collins plan is almost exactly what Mr. Obama proposed in the campaign and after first taking office–a 100 percent auction of permits and a large tax rebate to the public. Power plants would face an overall cap on emissions that would become more stringent over time; motor fuel may be subject to a carbon tax whose proceeds could help electrify the U.S. The federal American Clean Energy and Security Act proposes to disburse dividends via tax refunds to all U.S.
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