Cap and Trade Act

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The Cap and Trade Bill.
The cap and trade bill proposed a system in which the American government would be able to a limit on the number of greenhouse gases released to the environment from industries. The cap system was made in such a way that it would reduce the number of greenhouse gases emitted over time and not instantly.
The provisions of this Bill include; it was a requirement for electricity providers to provide 20% of the total demand of electricity from them by use of renewable energy sources and provide the energy efficiency by the year 2020.
The bill was to help organizations, companies, and industries to pay for the new clean energy and the renewable energy sources to save on the capital to be used to obtain the latest technology.
Consumers were on the top list of protection from hiking of the energy prices. The system, in its effort to reduce carbon emissions to the environment, it was to cost an American family an amount less than the price of a postage stamp in one day and approximately, one hundred and sixty dollars a year.
It a 17% reduction of the total greenhouse gases would have to be observed from the year 2005 to the year 2020 and by the year 2050, the overall reduction of greenhouse gases in the environment would have been 83%.
Allocation of allowances to industries at 85% and the revenue obtained from these allowances were to be used to provide finance the efforts aimed at conservation of the tropical forests and help in the provision of support to low income families.

The provisions that I agree with are; the allocation of allowances so that in the end, revenue can be obtained to help in conservation of tropical forests and also to provide financial aid to low income families to help improve their life standards and secondly, the gradual reduction of greenhouse gases from the year 2005 to 2020 and consequently 2050 and lastly, the protection of consumers of energy from increase in prices as this causes a rise in the economy and lowered standards of living.
Laws regarding the environment and energy that could be passed to help the everyday citizens and the nations at large are: maintaining a fixed price of energy, gradual reduction of greenhouse gases from the atmosphere, electricity producing companies to produce 20% of their total energy requirements with the usage of energy sources that can be renewed and lastly helping of low income families to obtain new technologies that are environmental friendly and help in energy conservation.

Works Cited.
Avi-Yonah, Reuven S., and David M. Uhlmann. “Combating global climate change: Why a carbon tax is a better response to global warming than cap and trade.” Stan. Envtl. LJ 28 (2009): 3.
Paltsev, Sergey, et al. “Assessment of US GHG cap-and-trade proposals.” Climate Policy 8.4 (2008): 395-420.