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Can any of you explain what "Cap and Trade" actually means?
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<blockquote data-quote="GodlessHeathen" data-source="post: 2197875" data-attributes="member: 466664"><p>A company who adopt green technology or ecologically friendly policies can get a credit, if they make enough credits they can sell it to another company so that they can reach their quota. It's a means of trying to get companies to convert to green technology while providing a revenue stream. In the transportation industries, many companies have already converted to green technology and see this as an opportunity to generate money. It's all a cost benefit thing, will the cost of converting to green technology be covered by the increase in business and credits they sell. The University of Vermont is already trying to create a program that will create and industry standard for Cap & Trade for passenger transportation companies.</p></blockquote><p></p>
[QUOTE="GodlessHeathen, post: 2197875, member: 466664"] A company who adopt green technology or ecologically friendly policies can get a credit, if they make enough credits they can sell it to another company so that they can reach their quota. It's a means of trying to get companies to convert to green technology while providing a revenue stream. In the transportation industries, many companies have already converted to green technology and see this as an opportunity to generate money. It's all a cost benefit thing, will the cost of converting to green technology be covered by the increase in business and credits they sell. The University of Vermont is already trying to create a program that will create and industry standard for Cap & Trade for passenger transportation companies. [/QUOTE]
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