Is cap and trade the right move for America?

The people continue to grow more skeptical of global warming

A few weeks ago I attended HybridFest in Madison, WI. While there I experienced some of Wisconsin's coldest summer days in recorded history. Certainly, such whether isn't proof that global warming isn't real, but it does cause pause, especially for those already skeptical of CO2 emissions and their effect upon global warming.

And, as the economy continues to struggle, more polls seem to indicate that public support for fighting global warming is declining. This simply isn't an issue that is going to unite the people into a positive, forward-thinking movement, at least not today.

Besides, what's the rush to cap and trade legislation? Other countries that have been more progressive on CO2 limits are largely failing to meet their emissions requirements. Might it not be time to think outside of the box?

Finish: Is cap and trade the right move for America?

Is solar power a good cap and trade play?

The darling of the green revolution?

Yesterday, a MadMoney caller asked Jim Cramer why most solar stocks have been tanking recently, even as cap and trade moves closer and closer to becoming law. Because solar power simply isn't viable without massive government incentives, even if cap and trade becomes law, replied Cramer.

I don't know if Cramer is right, but I was pretty shocked to hear Cramer's response. Kind of makes one wonder if solar power is really a good green investment, or whether solar power is just a good hedge against oil prices.

Jim's First Cap and Trade Pick

Efficient electric motors

According to MadMoney's Jim Cramer, cap and trade is not going to be good for most businesses. Nonetheless, Cramer is investigating stocks that will be big winners if cap and trade legislation becomes law.

Jim recommended Baldor Electric Co. (BEZ) about a year ago, and the company saw big losses. So, Cramer was wrong on this company in the past, and he's still not bullish on Baldor, UNLESS cap and trade becomes reality.

In the weeks ahead, Cramer has promised more green investment plays off cap and trade, so stay tuned.