The Story of Cap & Trade is a fast-paced, fact-filled look at the leading climate solution being discussed at Copenhagen and on Capitol Hill.
Host Annie Leonard introduces the energy traders and Wall Street financiers at the heart of this scheme and reveals the “devils in the details” in current cap and trade proposals: free permits to big polluters, fake offsets and distraction from what’s really required to tackle the climate crisis.
If you’ve heard about cap and trade, but aren’t sure how it works (or who benefits), this is the film is for you. (Or is it? You be the judge!)
The Story of Cap & Trade from Story of Stuff Project on Vimeo.
Annie Leonard said “I wondered if it would be possible to explain the leading false solution, Cap and Trade, in a clear compelling way so that more of us are inspired to join the conversation. Working with Climate Justice Now!, the Durban Group for Climate Justice and Free Range Studios, we produced our new short film, The Story of Cap and Trade, to do just that.”
Click here for the full script to The Story of Cap and Trade.
Chime in with what you think about cap and trade by commenting below.
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I agree with @drgrist on this one. Leonard “misses the mark.” Read here: http://www.grist.org/article/2009-12-01-annie-leonard-misses-the-mark-her-new-video-story-cap-and-trade/
The best point made is that they offer no alternate pricing mechanism. You’re not going to get businesses to walk away from the market. She’s certainly correct in saying that giving away permits to start is a bad idea, it is. But not using offsets or permits is not a good idea. What the carbon market needs is strict regulation and no “free lunches” so that a “robust” carbon price is achieved.