Cap and Trade in a Nutshell

You may have heard a lot lately about the cap and trade bill which was recently sped through the House of Representatives and is currently in the Senate. And you may have, like I had, absolutely no idea what “cap and trade” — emissions trading — is all about.

I asked Dad for a bit of clarification, and here it is, as I understand it. [2019 note: Please do not make the mistake of thinking Dad agreed with my climate change denial in this post. He explained cap and trade well; I was just too tied up in a conservative mindset to know any better.]

Cap and trade legislation is intrinsically tied to the idea that not only is mankind somehow affecting the climate of Earth but that such effects are significant and could result in Very Bad Things.