The Core Tension of Cap and Trade from Roger Pielke, Jr. on Prometheus blog:
“This quote from an anonymous White House official in The Washington Post sums up the core tension of cap and trade.
No cap and trade bill can at once send a meaningful price signal while at the same time not have an adverse impact on energy prices (in short or long terms). The following description of cap and trade in the Washington Post story also reflects this core tension:
Will Congress act to raise the cost of everything? I don’t think so.”