Posted on 03/14/2007 1:08:11 PM PDT by Smile-n-Win
Supermarkets, hotels, councils and universities could be given a "cap" on the amount of carbon dioxide they are allowed to emit within five years under Government plans announced yesterday to set legally binding carbon reduction targets.
Any business or public body wanting to use more power than its allocation would have to buy low-carbon technology or purchase carbon credits on the open market under the powers contained in a draft Climate Change Bill.
The new legislation, binding the UK to an ambitious 60 per cent cut in carbon emissions by 2050, was published as ministers stepped up their attack on the Tory leader David Cameron's proposals for a new tax on frequent fliers and higher duties on domestic flights.
[...]
In the longer term, the powers could be used to give every person or householder a personal carbon allowance, which would take account of how much energy they used in the home, driving and flying.
(Excerpt) Read more at telegraph.co.uk ...
"Global warming is really not about saving the planet, it is really about shifting money from one place to another. It is really about creating another "oil-like" monopoly in which to extract monies from citizens who will have no say over the matter."
"buy low-carbon technology or purchase carbon credits "
As soon as I read the headline I looked for the purchase carbon credits part of the story.
How does purchasing carbon credits lower CO2? It just keeps it the same, correct?
What a scam.
GoogleVideo -- The Great Global Warming Swindle
YouTube -- The Great Global Warming Swindle
Completely a scam.
Al Gore does nothing to reduce his 'carbon footprint' and simply purchases unused carbon credits from a herd of elk in Canada. Meanwhile, the company he purchases the credits from is his own company. Therefore, he does nothing to reduce emmissions, pays himself for the activity and calls himself an environmentalist.
Well, they took their guns away and no one seemed to care so now they will take and control everything else.
Well, the people who emit more than the cap will have to purchase them from people who emit less than the cap--so the total national emissions can only be so much. I guess the plan is to squeeze the cap tighter and tighter as the target date approaches. The "carbon trading" scheme makes it look like a "market-based solution" and is also convenient as a method of wealth redistribution.
Carbon credits/debits, when placed into the proposed regulated trading market scheme, actually INCREASES carbon emission because of the well documented 'rebound effect' in regulated markets.
The only fools who think this can work already blatantly parade around their complete ignorance of market principles. Yet once the rebound effect is shown in a real world setting within a few years of the carbon credit market being up and running, they will go ahead and blame market economics instead of THEIR complete failure in the creation and regulation of the market.
when carbon limits start to hurt,
people will vote accordingly.
no way can carbon limits work.
too many, contradictions, arbitrary money give-aways,
etc
there is also the issue of applying
what are eaasentially tax-like costs
to exports, and Europe traditionally does not
do that
Very true and look then for the Tories to change their policy at present it is popular to be green in the UK hence Conservatives proposal re flight etc.
I do envisage though when it starts to bite hard and when renewals needed to the Kyoto agreement come up then we may see a different story.
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