Also cap and trade sucks. The cost per unit doubled. Which led to profit for most Swedish emitters since they were alotted an excess. FML.
Are they gonna introduce cap and trade for murder, too, next? Everyone who kills fewer than three people per year could sell those extra licenses. “Good job, Charlie, you only killed one dude this year. You get two extra killing-licenses that you can sell.”
Emissions are an externality, to the point that this sentence is tautological. Emitters need to pay up.
Update: Also see Energy rationing.