Cap and Trade is a False Solution to Climate Change
by Jill Mangaliman and Edgar Franks
“How can you buy or sell the sky?”
These words by Chief Seattle resonate today, especially when there are contradicting proposals for climate action that pit profit against people and planet. Cap and Trade — also known as Carbon Markets — are “market-based” schemes introduced for and by major climate-polluting corporations in order to claim they are taking meaningful steps to limit (and over time) reduce their greenhouse gas emissions.