[lbo-talk] Cap and Trade Question

[Tim Francis-Wright]

A while ago, there was a discussion here about the relative merits
of cap-and-trade mechanisms and carbon taxes for reducing carbon
dioxide emissions.

I personally side with carbon taxes for a number of reasons, but
I wonder something about cap-and-trade schemes.  Why have
environmental groups not been devoting large amounts of money to buy
and retire pollution credits in the current markets?  (Perhaps they
have been and I have been ignorant of what has been going on.)
I would think that those kinds of expenditures would be easy to
justify to contributors (and eventually moot arguments about
effective "carbon offsets").

--tim francis-wright