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Comment for California Cap-and-Trade Program (capandtrade10) - 15-1.

First NameTom
Last NameShaw
Email Addressdt_shaw@hotmail.com
Affiliation
SubjectFee and dividend system is more reliable
Comment
Some participants in a market for carbon allowances and offsets
will find ways to game the system – using opportunities provided by
conflicts of interest, price-fixing or fraud, for example. As a
result, dishonest or well-situated players will profit and become
entrenched interests while they thwart the purpose of the program.
They can hide their manipulation in ways that enable them to
continue for years.

Please examine the possibilities of a fee-and-dividend program, a
method that is much more transparent and therefore reliable for
reducing GHG emissions.

Attachment
Original File Name
Date and Time Comment Was Submitted 2011-08-11 16:44:18

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