I do not believe that the cap and trade program is something that the
government should impose in order to reduce our impact on the
environment. Even though I do agree that humans need to cut down on
the emissions of pollutants, I think that the cap and trade system is
an unnecessarily complicated procedure with too many inherent flaws
that could potentially lead to the downfall of our economy. Instead, I
believe that simply imposing a fixed tax on emissions, a carbon tax,
would be effective enough to curb companies' emissions of greenhouse
gases. The cap and trade program is essentially providing a monetary
incentive for companies to reduce harmful gas emissions, exactly the
same as what carbon taxes would do. However, in the cap and trade
system, the buying of credits and trades between companies are too
complex and too open for corruption. Because the system involves
interactions between different companies concerning the buying and
selling of carbon credits, it is highly probable that two companies
may form an alliance with one another for corrupt purposes. With so
many companies out there, it would be difficult for the government to
regulate every company. Say, companies could fabricate carbon credit
trades between each other, and if this happens to a large extent, soon
the whole cap and trade system would become muddled. There would be no
completely accurate record of which company has how many credits,
leading to an overall useless and corrupt operation, such as the
poorly run schemes in Europe which have led to only extremely minimal
environmental progress. These failed cap and trade programs have
consumed billions and billions of dollars, only leading to the
weakening of the economy. Furthermore, corrupt companies risk failure,
and ultimately weaken the economy as well. If the government instead
opted for a much more simplified, much more straightforward action
like carbon taxes, all of these potential pitfalls could be avoided.
It would be wasteful and mindless for the government to implement such
a complicated plan like cap and trade, when the other option is the
much safer and easier plan of carbon taxing.
Additionally, I believe that it would be best if the US should commit
to a global treaty to address climate change. The U.S. is among the
top producers of greenhouse gas emissions, and it is our obligation to
cut back on these emissions. The United States was the only major
industrialized nation that did not agree to Kyoto Protocol, an
international treaty adopted in 1997 aimed at cutting greenhouse gas
emissions by about 5% from their 1990 levels by 2012. Several smaller
countries, with only a fraction of the US's greenhouse gas emissions,
agreed to the protocol, and thereby agreed to cut back on their
emissions. However, their cutbacks would have only equaled a fraction
of the cutbacks the US would have done, had the US signed to the
treaty. Since the US has such a huge output of greenhouse gases, even
a relatively small cutback would be enormous when compared to the
cutbacks of other countries. It is imperative that the US agrees to
future treaties concerning climate change, as to completely ensure
that it will make an effort to cut back on harmful emissions. Only
then will the world be able to make a legitimate difference in
reducing humans' damage to the world, and save our environment before
it is too late.