Cap and trade is largely a failure. The problem is that a proper carbon market should have sequestration plants on the supply side and carbon emitters on the d

Cap and trade is largely a failure. The problem is that a proper carbon market should have sequestration plants on the supply side and carbon emitters on the demand side. The emitters need to buy carbon offsets at the price that the sequestration plants need to pull it back out of the atmosphere. The problem is that right now sequestration is so expensive that it would be ruinous to burn fossil fuels, much of the economy would suffer. But if we aren't funding sequestration it doesn't happen and everybody dies. Our brave politicians see this challenge and immediately bury their heads in the sand and hope that they won't be the one holding the bag as the problem grows steadily worse.