Reply With QuoteAh... nothing like waking up every morning and thinking to yourself, "hmm, I wonder what else my state can do to **** itself over."
Cap-And-Trade Tosses An Anchor To Drowning California Economy
http://www.investors.com/NewsAndAnal...ia-Economy.htm
California often leads the nation, especially in reducing greenhouse gas emissions. The act of leading is one thing, however. Leadership's outcome is another matter entirely.
On Friday, the California Air Resources Board (CARB), the bureaucracy charged with implementing AB 32, the California Global Warming Solutions Act of 2006, adopted a cap-and-trade scheme to reduce California's greenhouse gas emissions by about 15% by 2020. CARB's regulations go into effect in 2012.
The unelected officials at CARB intend to reorder California's use of energy. In so doing they blandly declaim that their rules will create jobs while admitting to higher energy costs and a slowing economy. Somehow, this formula is transmogrified by CARB analysts into net job creation.
Given the immutable laws of math, one is forced to calculate that CARB's actions will "create" low-paying jobs at the expense of good jobs.
Go California! Maybe if they totally go under soon enough the rest of the country will wake up. But I doubt it.
Ah... nothing like waking up every morning and thinking to yourself, "hmm, I wonder what else my state can do to **** itself over."
Portland Or. has a similar plan to reduce emissions by 80% by 2050. You know how they plan to do it? Getting rid of all cars in the greater metro area.
Last edited by Mein Teil; 12-19-2010 at 07:02 PM.
I don't understand how "cap and trade" will help reduce carbon emissions. Cap and trade is nothing more than an exchange where companies can buy carbon credits from other companies that are net producers of the offsets. Of course there is an exchange where traders will be compensated for arranging the trade. If they were really serious of moving forward with reducing greenhouse gases or carbon production, then why not just implement a 130 percent depreciation tax credit for companies that replace existing equipment with equipment that produces 20 percent less carbon. Monitoring would be done at the cost of the company after the equipment has gone through a certification program reviewed and approved by each state's Environmental Conservation Commission. No trading, but straight implementation.
Sounds too simple, it will never work in America.Originally Posted by HK in AK
Cap and trade seems like flushing money down the toilet to me. Money (resources) is spent and what do we get for it? Can anybody point to anything physical that it buys?
CA has been running cap and trade on emissions for years as a part of their permitting. PM10 as an example. Nothing new here.
The article is a bit of FUD if you ask me as I am aware of a duplex steel castings company in LA that reckon cap and trade is no biggie for them.
investors.com has run a few "sky is falling" articles recently.
The author. lol
Yes, politicians.
Hey guys i just put up a bunch of carbon credits on ebay for you all to buy.. going rate is 10 dollars for 1 carbon credit... bid up!
I don't like Cap-and-trade because it sounds like a bubble in the making. Someone will find a loophole, abuse the **** out of it, and then BOOM recession. I'm against cap-and-trade in every shape and form. Stop screwing around with the market with government ideas. It ends badly.
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