Comments on: Slicing and dicing to gain support for cap-and-trade http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Nobody http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-15036 Thu, 21 May 2009 22:19:08 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-15036 I would say one should really have a great belief in the US political system to even approach it with such an idea as cap and trade. It’s a huge country that have lobbies and interest groups for just about everything in the world. Once the true costs of cap and trade become evident, a huge mess will be produced. The truth is that taxes may be way more effective way to do what the cap and trade intends to achieve, but they go against the deeply ingrained American habit of constantly looking for free lunches. The end result of the cap and trade will be that the taxpayers will end paying more for the program that will achieve much less even though compared to doing nothing the cap and trade is still better.

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By: CTF http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14379 Wed, 13 May 2009 18:49:58 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14379 There is absolutely a way to both mitigate global climate change and bolster the economy. It’s called a revenue-neutral carbon tax and it significantly reduces emissions, incentivizes green R&D AND returns the revenue to the people. I just hope Congress catches on before it’s too late.

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By: Matthew Kahn http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14339 Wed, 13 May 2009 05:25:44 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14339 To see the importance of “compensating” the coal fired electric utilities by handing out “free permits”, take a look at this new paper.

http://mek1966.googlepages.com/cragg_kah n_5_7_09.pdf

We document that in 2007, U.S congressional representatives from poor, conservative, high carbon areas were the least likely to vote in favor anti-carbon legislation. To entice a majority to vote in favor of anti-carbon legislation, some explicit incentive will have to be offered. The question is whether this is simply a geographic transfer of $ from “green” areas such as California to “brown” areas such as Missouri or will such income transfers also have efficiency effects as incentives to “go green” will be distorted?

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By: Craig Coal http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14290 Tue, 12 May 2009 18:25:35 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14290 When folks talk about not knowing where the Gigatons of carbon go when it enters the atmosphere I think they forget their elementary education. CO2 is absorbed by plants, the oceans, the ground and rain.
I would believe the Cap-and-trade was anything more than just another way to tax the working folks of the world if it included a plan to bring water to the world’s waste lands for the purpose of planting more trees and other plants. Such a plan would bring about many benefits including: Providing a sink for the CO2 in the atmosphere, providing a source of more food for the underfeed nations of the world and creating millions of jobs and businesses throughout the world.
The proponents of global warming wring their hands over the ice caps melting and the sea levels rising; why not use solar, wind, nuclear or cold fusion to beat global warming to the punch by desalting sea water and pumping it inland to water the deserts of Asia, Africa, Australia, North and South America. This would make more sense than just wringing our hands and raising the cost of living for some unseen objective.

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By: Craig Coal http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14286 Tue, 12 May 2009 14:37:07 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14286 Anyone read the account of the siege of Troy and the Trogon Horse. The horse was given to Troy as a gift to put the Trogons off their guard and get Greek solders inside the fortifications of Troy.
I think you are pointing out the “Trogon Horse” of 2009.

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By: Anubis http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14284 Tue, 12 May 2009 14:14:01 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14284 You have cut to the chase again John. The economy is first and foremost in peoples minds. The consequences of not reducing fossil fuel emissions are not immediate giving the perception to many that we still have time to act in the future. We have probably passed the tipping point. There a really possibility that habitat destruction due to climate change can derail any economic recovery we can muster. It would appear that in regards to the environment and the economy we are not very good stewards of either.

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By: Andrew MCKILLOP http://blogs.reuters.com/great-debate/2009/05/12/slicing-and-dicing-support-for-cap-and-trade/#comment-14283 Tue, 12 May 2009 14:10:34 +0000 http://blogs.reuters.com/great-debate/?p=3418#comment-14283 Australia’s FINSIA will shortly be publishing my findings on global investment and spending needs in Cleantech, simply to cover likely oil capacity depletion losses to 2025. This is a minimum of about 25 Mbd (million barrels/day) new or replacement capacity needed from non-oil sources. Climate change imperatives make this a no choice of Alternate & renewable energy sources.

My cost analysis come to a minimum of around USD 750 Bn per year in 2009 dollar terms. In turn this makes the consideration of multilateral frameworks and part-financing measures both urgent and necessary. I will be interested in hearing from anybody working on this subject area.

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