To date the only proposal to achieve even a 50 CI rating. An auction is the only market-based approach; those who argue for trading are either base rent-seekers, in the employ of Big Green, silly or politicians. These groupings overlap, think Venn. Obama can improve his ranking by pledging to return at least half of the auction proceeds to the folks who will foot the bill, the American consumer.
...Obama has pledged a 10-year, $150 billion program to produce "climate friendly" energy supplies. To pay for it, he would implement a 100 percent carbon auction where businesses would have to bid competitively for the right to pollute.The rest of the spending proposals are here, from the AP.