Will we have a cap and trade bill before China will?



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    Though both the US and China have only just begun to draft cap-and-trade bills to combat climate change issues, the US has past experience in cap-and-trade programs after the Acid Rain Program in 2003 and Clean Air Interstate Rule of 2005. There is also a government push to deal with the issue of climate change through legislation and with the President making high-profile climate change-related speeches and trips, that legislation seems imminent. The Chinese government is also working on a plan and attracting investors, but they will want to be careful of limiting economic growth potential, which is why I think the US might act first. Both countries should take their time to avoid past cap-and-trade issues witnessed in Europe.

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