The point of cap-and-trade is the tax money

The experience of the Regional Greenhouse Gas Initiative (RGGI) in the northeastern United States shows us once again that the point of cap-and-trade is to generate tax revenue and not to reduction carbon dioxide emissions or reduction global warming.

FTT Action Day round the world - a tiny solution (taxing big banks) for a big problem (financing climate change)! | 350.org

A few days ago, a group of us dressed as Robin Hoods and Speculative Bankers pulled off a stunt in Wellington’s Cuba Mall to show our support of the Robin Hood Tax. We had breakdancers, and sang our song loud -
“Small change for banks, big change for people” and “It’s not taxing you or me - just the speculative transactions!”

Matthew Dakotah: Women In Power: Vivienne Cox, Former BP Executive, Says 'Climate Change Is Real -- We Are Still Not Taking It Seriously Enough'

Today, Cox is the Chairman of Climate Change Capital, a green investment and management firm with interests in everything from carbon finance and real estate to cleantech and energy infrastructure. "Climate Change Capital has a strapline [tagline], which is 'wealth worth having' and the whole premise that this company was set up on was that there was good business to be done in trying to solve the problems of climate change," she says. "And indeed, unless there was good business to be done in solving the problem of climate change, then climate change wouldn't be solved."

"The organization has $1.5 billion invested in funds which make a difference to climate change," Vivienne continues. "It does some advisory work for companies wanting to do M&A [merger and acquisition] transactions in this space, and it also does some work in advocating and developing policy..."