One more reason why cap-and-trade is in trouble
Some interesting factoids from a new Pew Research poll (bold is mine):
In the new poll, 51% agree that protecting the environment should be given priority even if it causes slower economic growth and some job losses, down from 66% in 2007. At the same time, the share saying that people should be willing to pay higher prices in order to protect the environment has dropped from 60% in 2007 to 49% currently. This represents a 17-year low point on this measure. Surprisingly, declines since 2007 in support for economic sacrifices to protect the environment have been particularly large among young people and political independents.
The public remains broadly supportive of a variety of options for addressing the nation’s energy supply – 82% favor increased funding for research on wind, solar and other alternatives, while 68% say more offshore oil and gas drilling should be permitted. The idea of expanding nuclear energy continues to be more contentious (45% favor/48% oppose); 60% of college graduates favor increased use of nuclear power.
Me: When times are tough, money talks and climate models walk. Indeed, when I chat with Republicans and anti-climate regulation activists, they are almost giddy with how the climate debate is going. Dems, not so much.