Sure, that's all fine and well. A carbon tax market isn't the answer. The only thing that will come of the cap and trade laws is massive profits for those that have set themselves up as speculators for the carbon tax market. In turn, we're all going to have to buy goods that are based on speculation (ala gas prices) rather than supply and demand.
I hope you like paying $10+ for a gallon of milk, because that's what this is going to do, all so that fucking scumbags can make obscene profits, until it all goes bust, then they'll turn around and ask for a bailout, and you'll probably be the first in line clamoring to give it to them.
You'd think after they've pulled this scam, what, like, 3 times in the past couple of years, people would start to get wise to it.