Explain What a "Cap and Trade" Program Is and How

question 5

Essay

Explain what a "cap and trade" program is and how it works.Does the United States have a cap and trade program? If so, is it successful?

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Definitions:

Mediator

A neutral third party who facilitates discussion between parties to a dispute to encourage and assist their coming to an agreement; sometimes referred to as a conciliator.

Agreement

A mutual understanding or arrangement between two or more parties, usually establishing a legal obligation.

Administrative Tribunals

Specialized dispute adjudication forums created by statute, that have been given quasi-judicial powers to resolve disputes and enforce legislation.

Legislative Branch

The division of government responsible for creating, amending, and repealing laws, often consisting of one or more houses or assemblies.