Cap and Trade: What is It?

Hank Green over at ecogeek.com has posted a nearly auction-style, fast primer on the Cap and Trade system proposed by the Obama administration. This is a must see, as this legislation stands to be one of the most important pieces in starting our emissions decline. He does a good job flitting though the major point of contention - the assertion by many conservatives that it's just another tax. Although it can be construed as such, it's more of a pollution cap with monetary incentives for companies, a system that should be much more flexible, functional, and fair to both businesses and American citizens than a straight "carbon tax".