The Possible Promise and Perils of Cap and Trade

This week's climate conference in Copenhagen'

This week's climate conference in Copenhagen AP Images hide caption

itoggle caption AP Images



On today's Planet Money:

Adam Davidson chats with the intrepid David Kestenbaum about both the theatrics and real policy debates going on at the current climate conference in Copenhagen. First, meet a biker who powers up music with his feet for outdoor dance sessions and, with the late Friday announcement that a global agreement of some sort has been reached at the conference, listen to the potential promises and pitfalls of a key aspect of the deal — a "cap and trade" carbon reduction plan.

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