Kumbaya

... the central conceit of the narrative — cap and trade is more politically acceptable than a straight carbon tax — happens to be true. I’m pretty sure no one ever said cap and trade would unite all interest groups for a rousing chorus of kumbaya. After all, most of the organized opposition to climate change legislation isn’t ideological in nature. The issue, as ever, boils down to money. Any meaningful restrictions on emissions — carbon tax, cap and trade, command and control, whatever — are going to push costs onto polluters, and are therefore going to encounter considerable resistance. But a carbon tax never had a snowball’s chance of passage, and here we are in 2009, with climate legislation looking more likely by the minute.

Source: Did Environmentalists get played on Cap and Trade?