Can cap and trade work in the US?
Planet Money
Invest Wisely to Combat Emissions
A $1.8 billion cap and invest program aims to transform investments in transportation and community sustainability through various initiatives like heat pumps for low-income families and free transit for youth. This program is funded by companies purchasing carbon emission allowances, effectively imposing costs on them that may be passed on to consumers. As gas distributors face increased expenses from these allowances, consumers are experiencing significant hikes in gas prices, which have risen up to 80 cents above the national average. The cap-and-invest strategy, while not a tax, leads to higher costs for consumers, highlighting the tension between environmental initiatives and their economic impact.
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