The Story of Cap and Trade
The Story of Cap & Trade is the second offering from the project that brought us The Story of Stuff. In this ten minute video, host Annie Leonard presents an excellent, clearly explained look at some of the devil in the detail of Cap & Trade, explaining how it works and who it benefits.
Having said that, it does leave out what is to my mind perhaps the most damning criticism of cap and trade schemes like the EU emissions trading scheme (EU ETS) – that they are not only a passive distraction from real solutions, but are actually used to justify avoiding them.
As The Guardian reported in October 2007:
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