Environment Forum

Home is where the CO2 cost is — or will be

Home electric bills could rise as much as 30 percent under a U.S. cap-and-trade plan to address carbon dioxide emissions, Moody’s estimates.

The tough part for households is that Moody’s expects industrial users to figure out a way to duck the cost with special rates, meaning residential electric customers will carry “the vast majority” of the cost burden. Check out our story here.

If Moody’s is right, and if the cap-and-trade plan slows global warming, is the price right?

from UK News:

UK minister in a spin over climate change doubters

As a top-flight racing driver, Britain's Science Minister Paul Drayson may seem an unlikely critic of the auto industry.

The self-confessed "car nut" owns a motor racing team and competes in a 200mph Aston Martin in competitions around the world.

 But at a news conference in London, he attacked the "significant minority" of auto industry executives who he claims still deny the evidence for climate change.