That's a neat trick, but probably not a wise one. Any money raised from auctioning off emission rights ought to be devoted to solving the energy problem, encouraging basic research and cushioning the blow for displaced workers and disadvantaged consumers.

Is there an alternative to what the candidates are proposing? If you believe the Earth's future is seriously endangered, probably not. Certainly, the status quo isn't very satisfactory, as carbon-dioxide emissions continue to grow at a startling rate.

General Electric Chief Executive Jeff Immelt told the conference that current government policy, with its mish-mash of unfocused subsidies and contradictory state and federal policies, is a "certain kind of hell." Others in the audience echoed his sentiment.

But with a carbon cap now likely, it's probably time for everyone to be more honest about the costs and the downside economic risks. Obama adviser Jason Grumet came closest when he told the group: "This is going to require a kind of social commitment the likes of which we haven't seen in this country since World War II."  Source

Write comment
Name:
Email:
Subject:
	Please input the anti-spam code that you can read in the image.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."