Thursday, July 03, 2008

Cap 'n Trade on US election menu

Hot on the heels of Australia's green election (Rudd signed the Kyoto Protocol as his first act of government), follows the second US climate change election. Bush tore up the Kyoto Protocol after the first one. Waste of good lead-time.

Obama and McCain have both stated that climate change requires decisive action. Both support cap-and-trade, putting a limit (cap) on greenhouse gases and enabling the market to work by allowing the trading of permits.

Click for more on Cleantechblog's take on how it would work.

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