Do you really know and understand what is Cap and Trade?

 

Cap and Trade is where the government puts a limit, that is a cap on Carbon emissions for your local power plant or for that matter any industry that emits carbon.   If your power company exceeds the cap they will need to buy United Nation Credit Certificates covering those capped amounts.

 

These UN Certificates are not only purchased directly by those companies that need them as dictated by Cap and Trade, but now they comprise of over a $150 Billion trading market for all the big financial institutions in London.    The same ones who brought us the housing crisis are now trading UN carbon emission certifications that the governments are requiring.    The likes of Goldman Sacks, Citi, and other traders are driving up the cost of these in a speculative manner in London.   They receive a transaction fee worth millions and billions of dollars which ultimately will increase the cost of the these certificates to the utility companies.  Image trading a UN backed certificate for air.    How do you value this?   As the speculators get in this marked image who will ultimately pay higher electricity cost and a whole lot of other manufactured products… us the USA citizens.   Even well known environmentalist don’t support this process as a valid way to reduce emissions.  It is riddled with fraud from shoddy validation companies approved by the UN to speculative trading.

 

 

If you didn’t  know or want to know more about the truth behind the trading and wealth of Cap and Trade please read this link from National Public Radio.