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Originally Posted by Andrewl
Do you realize that environmentalists are some of the most outspoken critics of cap & trade?
Cap & trade is a political invention. Its not coming from environmentalists, although some mainstream environmentalists support it.
This reminds me of the whole bio-fuel boon-doggle. This was mainly supported by politicians and agricultural lobby groups in order to get subsidies for so called 'green technologies'. They did this against and despite the warnings of environmentalists.
Andrew
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Yeah but it's not just cap-and-trade that has redistributive aspects to it. Just All of the schemes I've come across so far have tech and wealth transfers in them. The reason I singled out cap-and-trade is that we are on the verge of a vote on it.
Kramer