Cap-and-trade off the table for 2009

June 12, 2009

That is the conclusion of this Reuters story. But how about 2010? Here is the money graf:

Two obstacles stand in the way. First, advocates must convince the public the bill, which might initially raise electricity and other energy prices, will ultimately save money by heading off damage caused by global warming. … One opponent, the Coalition for Affordable American Energy, whose members include the influential U.S. Chamber of Commerce and about 200 other organizations, has estimated climate legislation could cost U.S. households $1,400 per year by 2020. … Second, experts said the bill must include nuclear energy, which is nearly emissions free but comes with other problems such as toxic waste. Claussen said a resolution on nuclear power could help the Senate reach the required 60 votes for the bill’s passage.

Me: Unless money from cap-and-trade is fully refundable to consumers, I don’t see it happening. And if it excludes nukes, it seems like a fantasy plan untethered from political, economic or scientific realities.

One comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see

I aggree with your comment. Until will embrace the idea of nuclear power; we are never going to make any efforts to stop global warming.

Posted by Jason | Report as abusive