According to the Environmental Protection Agency (EPA), Cap and
Trade is an environmental policy tool that delivers results by
placing a mandatory cap on emissions while providing sources
flexibility in how they comply. Successful cap and trade
programs reward innovation, efficiency, and early action and
provide strict environmental accountability without inhibiting
economic growth. In other words, it is a policy that is designed
to restrict or lower the amount of greenhouse gases that are
going into our atmosphere while at the same time supporting the
free market. In its white paper, “Cap and Trade 101” the Center
for American Progress wrote, “Each large-scale emitter, or
company, will have a limit on the amount of greenhouse gas that
it can emit.” It went on to say, that the “trade” component of
Cap and Trade would be accomplished by allowing “more efficient
companies, who emit less than their allowance, can sell their
extra permits to companies that are not able to make reductions
as easily. This creates a