Dole writes op-ed on cap-and-trade
North Carolina's senior U.S. Senator, Elizabeth Dole, wrote an op-ed piece in support of cap-and-trade legislation that she has cosponsored. Dole describes the act this way:
America's Climate Security Act sets emission allowances starting in 2012 through 2050 for specific sectors and provides a framework for businesses to trade or bank unused allowances. Conversely, polluters that exceed their limit can buy or borrow leftover allowances from other sectors or auction. This is what is called a "cap-and-trade" system, and allowance amounts will decrease over time, thereby lowering total emissions.
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