Obama promises Cap-And-Trade plan->
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FreddyKnockout
FreddyKnockout writes "From the article:
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Democratic presidential contender Barack Obama on Monday said that if elected he would establish an economy-wide cap-and-trade program that would sharply cut greenhouse-gas emissions by 2050.
It's an interesting twist on a much-talked about proposal. In essence, he proposes providing X amount of credits which permit the release of CO2 and other greenhouse gases. The catch with his plan is there are no freebies, all credits must be purchased through an auction, unlike John Edwards plan of granting some credits and auctioning others. This would, according to Obama's campaign, "ensure that all polluters pay for every ton of emissions released.""Link to Original Source