With a serious cap and trade proposal being discussed in Committee, Congress must address crucial issue of how credits distributed.
"A Senate subcommittee this week is expected to take up a proposal by Sens. Joe Lieberman, I-Conn., and John Warner, R-Va., to institute a nationwide cap-and-trade program designed to reduce emissions of carbon dioxide.
But before the United States ever adopts a cap-and-trade program, lawmakers and policymakers will be forced to answer several complicated questions. None may prove as thorny as determining how the government distributes the emission allowances that would make up the "trade" portion of the program."
Market Watch, October 29, 2007.
Submitted by J. Andrews