Barack Obama released his global warming and energy plan today, and my key climate change cronies like it. Brian Beutler says:

It’s extremely good. Exceptional in some places, slightly nebulous in others, perfectly in line with expectations in yet more, but perfectly in line what we should expect from good public servants at this point, and certainly more than I expected from Obama.

And Dave Roberts:

Overall, I’m pleasantly surprised — even shocked — at its quality. It’s a deft mix of good politics and strong, substantive policy.

The basic framework is a cap-and-trade system wherein the emissions credits are sold by the government rather than given away (