The Importance Of Propricing The Environment

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When discussing the environment creates a lot of controversy as there are many different opinions on how the environment should be regulated. Proposals on how to regulate and protect the environment have proved to be unsuccessful up to this point as both political parties cannot agree on regulations that suites all parties involved. The United States needs to take responsibility and be the first country to enact a national policy that will significantly reduce emissions because by doing so will show the rest of the world that a big power such as the ourselves are in fear of an environmental disaster then the rest of the world will get encouragement to follow suite. The issues that we face when discussing Cap and trade proposals is that both …show more content…
Nicolas Loris and Ben Lieberman feel that a carbon cap and trade would be very bad for business as they feel that the GDP will be significantly reduced if these policies were enacted. They both did a study that analysis what could happen by 2035 if cap and trade were to become in affect and they feel that this is a step in the wrong direction. Their data shows that gas prices will be inflated by 74%, energy bills will be increased annually by 1,500 but the more alarming stat is GDP would be reduced by $7.4 trillion. (Loris, Lieberman). These statistics are only probabilities but nonetheless many share the same views as people do fear for the economy when it comes to a potential national cap and trade bill. Loris and Lieberman want to educate people on the possible disasters of what enacting a cap and trade can do for the world of business as their statistics show that not long from now our energy bills could …show more content…
The United States is one of the world’s top super powers and if they show that climate change is an issue and implements a national cap and trade policy the rest of the world would soon follow suite and with the support of the world we can make real progress. In the article “The Return of cap and trade is good news for U.S. climate policy” shows real progress as it discusses other top world powers coming to together to implement their own cap and trade policies. Bob Sussman discusses how the cap and trade has made a big comeback in the United States from the collapse of the 2010 bill with China implementing a national cap and trade system for greenhouse gas emissions. ( Sussman). The EPAs final clean power plan encourages states to use trading as a way to reduce power plant emissions and loosen restrictions on trade across state lines(Sussman). What Sussman is trying to convey is that six years on after the failed bill there has been extraordinary progress being done to try and successfully reduce emissions and greenhouse

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