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Persuasive Essay.edited

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Running head: ONTARIO SHOULD BE PART OF THE CAP AND TRADE SYSTEM 1

Ontario Should Be Part of the Cap and Trade Program

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ONTARIO SHOULD BE PART OF THE CAP AND TRADE SYSTEM 2

Ontario Should Be Part of the Cap and Trade Program

One of the major questions asked is whether the national economy will be affected by

restricting carbon emissions. People opposing the restriction of carbon emissions claim that

capping the emissions of greenhouse gas will negatively affect the competition levels of the

domestic production, which will drive jobs and investments offshore that will end up destroying

the economy (Cicio, 2009). People supporting the restriction of carbon emissions claim that

emissions will be beneficial for the financial sector since it will result in the development of

many business opportunities, which will end up fueling the global economy. The main objective

of capping greenhouse gas emissions carbon emissions reduction to protect the environment.

However, focusing on the financial aspects of the capping has resulted in states such as Ontario

canceling the cap and trade system. With interests in environmental protection through

reductions of carbon emissions, this essay supports the motion that Ontario should be part of the

cap and trade system.

The Ontario province should be part of the cap and trade system as it puts a cap or limit

on the emissions of greenhouse that could be emitted every year by large industrial polluters.

Under the cap and trade system, there are financial incentives for organizations that reduce their

pollution faster because they can sell their allowances to organizations that pollute faster (Cicio,

2009). The cap and trade system provides firms flexibility since it increases resources to make

reductions. The system also encourages organizations to reduce pollution faster and encourages

them to be innovative. The cap and trade programs give organizations flexibility. Besides, it

results in organizations and policy makers having a wider pool of available financial resources

reduce the emissions, which pushes the organizations to reduce their pollution faster since the

program rewards innovation. With the cap and trade program, companies use established

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Running head: ONTARIO SHOULD BE PART OF THE CAP AND TRADE SYSTEM 1 Ontario Should Be Part of the Cap and Trade Program Name Institution Date ONTARIO SHOULD BE PART OF THE CAP AND TRADE SYSTEM 2 Ontario Should Be Part of the Cap and Trade Program One of the major questions asked is whether the national economy will be affected by restricting carbon emissions. People opposing the restriction of carbon emissions claim that capping the emissions of greenhouse gas will negatively affect the competition levels of the domestic production, which will drive jobs and investments offshore that will end up destroying the economy (Cicio, 2009). People supporting the restriction of carbon emissions claim that emissions will be beneficial for the financial sector since it will result in the development of many business opportunities, which will end up fueling the global economy. The main objective of capping greenhouse gas emissions carbon emissions reduction to protect the environment. However, focusing on the financial aspects of the capping has resulted in states such as Ontario canceling the cap and trade system. With interests in environmental protection through reductions of carbon emissions, this essay supports the motion that Ontario should be part of the cap and trade system. The Ontario province should be part of the cap and trade system as it puts a cap or limit on the emissions of greenhouse that could be emitted every year by large industrial polluters. Under the cap and t ...
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