Donât Like Obamaâs Clean Power Plan? Fine, Hereâs Cap and Trade
Republican governors who boycott the Obama administrationâs new power-plant regulations may instead get an offer they canât refuse: a cap-and-trade system many of them also oppose.
Five years after Republicans in Congress shot down President Barack Obamaâs plan for carbon trading, his administration unveiled rules to combat climate change. They include a provision for carbon trading, which Republicans had criticized as a government intrusion in the workings of the free market.
Itâs clear that what theyâre trying to do â without establishing a federal cap-and-trade program â is set up a plan that has a very strong likelihood of becoming a de facto federal cap-and-trade program, said Andre Templeman, managing director of the carbon-markets consultancy Alpha Inception LLC.