Carbon cap-and-trade bill is going nowhere, for good reason

Carbon cap-and-trade bill is going nowhere, for good reason - editorial- cleveland.com

Those who have watched the Europeans' cap-and-trade system deteriorate into a nightmare of bureaucratic costs, nonsensical investments in outdated factories in China and puzzling price spikes in which the utilities were the only clear winners can be excused for scratching their heads over why cap-and-trade remains the "only" idea worth pursuing.