Jan 14, 2009 | 52
It's a topic that is likely to come up more and more after President-elect Barack Obama moves into the White House next week. Obama has said that preventing and reversing global warming will be a top priority in his administration—a change from the previous administration's stance that voluntary efforts would be enough—likely through a mandatory cap-and-trade scheme.
Under that type of program, the government sets a cap or overall level for pollution and polluters can trade licenses to pollute to keep within their levels. But opponents of such a scheme note that such a move would ultimately drive up energy costs, because power plant owners will pass along to consumers the costs of staying within the mandatory limits.
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