Today, President Obama told twenty three senators who met at the White House to discuss proposed climate legislation, to use the funds of polluters, not taxpayers, in order to fund the replacement of existing fossil energy with new climate-safe energy. Senators coming out of the meeting say that President Obama … [continued]
It’s official. The EU trading system got carbon emissions down. It’s one thing when renewable energy writers on blogs like this say cap and trade has transformed Europe. [social_buttons] We regularly cover the huge wind and solar industries created there – the results of Europe’s early adoption of the Kyoto … [continued]
Part of the irrational fear of Cap and Trade is based on the idea that some Wall Street Fat Cats (or Al Gore) will make out like bandits selling derivatives in carbon certificates. So I bet you never imagined that the most popular pledge gift for public radio subscribers would … [continued]
Here’s a revolutionary plan from Sandbag that enables you and me to end carbon emissions by simply buying up and destroying European pollution permits by retiring them off the market, at $40 per permit or ton of CO2. [social_buttons] Sandbag buys up carbon credits from those who have already made … [continued]
What we call Cap and Trade, (and what China is now considering) has already just been tried out in Europe, to meet Kyoto. They called theirs the EU Emissions Trading System. China will call theirs “Limit and Incentivize”. Regardless of whether we call it: capping or limiting emissions and trading … [continued]
There’s one thing I don’t get about how Cap and Trade works. How carbon emissions would still come down, whether the initial allowances were auctioned or free. Most environmentalists are up in arms over “polluting industry getting free allowances” while I don’t object to anything that sweetens the deal. But … [continued]
Now that Cap and Trade is a possibility, there is a rising clamor for a carbon tax instead, from conservative thinktanks like the American Enterprise Institute, outlets like The Washington Times and even directly from Exxon itself. Yet when first introduced by Al Gore, in 1993, the carbon tax was … [continued]
Since the Waxman-Markey Cap and Trade bill is designed to reduce pollution by paying people who reduce pollution with money from polluters, it comes in for all the usual criticism from the fossil industries. They claim Al Gore something something, there’s no global warming, scientists didn’t consult me, it was … [continued]
The Waxman-Markey Climate Bill uses Cap and Trade to get our current 6 billion tons of CO2 a year down to just over 5 billion tons a year by 2020 (20% by 2020) and continuing down further by 2050. The Congressional Budget Office has estimated that the auction proceeds of … [continued]
California’s current cap-and-trade system will continue running through 2030, after Governor Jerry Brown’s new extension bill just barely made it through the state senate and assembly — that is, by a razor-thin margin.
