Cap-and-trade won't cut it provided by The Real News Network; With Obama support, the House Energy and Commerce Committee plan to reduce greenhouse gas emissions in the US calls for the creation of a cap-and-trade market. James Handley from the Carbon Tax Center believes that cap-and-trade is a flawed system made worse by way of concessions to energy companies, big coal in particular. According to Handley, the bill is unlikely to achieve needed emission cuts, likely to create serious financial instability, and incapable of protecting the most vulnerable from its intended hike in energy prices.