info from Obama's website: Cap and Trade: Obama supports implementation of a
market-based cap-and-trade system to reduce carbon emissions by the
amount scientists say is necessary: 80 percent below 1990 levels by
2050. Obama's cap-and-trade system will require all pollution credits
to be auctioned. A 100 percent auction ensures that all polluters pay
for every ton of emissions they release, rather than giving these
emission rights away to coal and oil companies. Some of the revenue
generated by auctioning allowances will be used to support the
development of clean energy, to invest in energy efficiency
improvements, and to address transition costs, including helping
American workers affected by this economic transition. ***********.barackobama.com/issues/energy/