The Pros And Cons Of Regulation Of The Environment

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…
In recent time there has been rules and regulations put in place to try and reduce these concerns but it has been at a slow rate and many environmentalists are fearing that if something does not change there may not be a world worth saving in the years to come. In the article Carbon Tax Vs Cap-and-trade: what’s a better policy to cut emissions? Noah Kaufman goes into detail as to what the similarities and differences are and what benefits each would provide. The benefit of a carbon tax according to the Kaufman is that by implementing a carbon tax this would allow producers and entrepreneurs can make investments without the fear of a fluctuating regulatory cost and this would be good for business whereas the cap and trade cannot guarantee this level of certainty. Cap and trade can offer a cap that is to decline over time has there are commitments to international communities to reduce a great amount in the next 10 years. …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