Cap and Trade Policy:

In the past few years, there has been solid scientific evidence that global warming or climate change is taking place. This has contributed to the birth of carbon emissions trading within the European region and the enactment of several mitigation initiatives at the state level. These measures have in turn exerted pressure on the federal government to control the emission of carbon dioxide, which has reached fever pitch. Actually, the Bush Administration declared that America will work with other countries to develop a new model for the emissions of greenhouse gases though focusing on adaptation and energy-efficient technologies. In addition, the U.S. Congress is considering adopting the cap and trade policy within the economy because of the success of sulfur-trading initiatives that were enforced on the power sector. This consideration is fueled by the fact that the Congress has received several recommendations to adopt such systems....
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