Can anyone explain in normal terms what the cap and trade thing consists of, please?
Sounds simple, huh?
The rub is that the emissions level is set so low that you can not meet the standard with out paying some one for your excessive emissions. In essence - a tax.
Energy industries are given a certain amount of CO2 that they can omit. If they go over that amount, they must by CO2 credits. This creates a new commodity that can be traded like stocks, gold, etc, where the rich get very rich, and the average American picks up the tab in higher energy prices.
The program basically sets limits on carbon emissions (caps) for every industry. This cap acts as an ‘allotment’, so that businesses that use less than their cap can sell (trade) that amount to businesses who want/need to use more than their allotment. Businesses like Algore’s then act as clearinghouses for the exchange of the carbon allotments and they take a percentage of every transaction, much like a credit card company does. Hope that explains it.
I also wonder (since this wasn’t clarified) whether Algore takes a salary for administering the non-profit that he ‘donates’ all of his global warming money to? If so, how much? He could easily be giving himself a Wall Street-sized salary with full benefits (including company cars, airplanes, travel expenses, entertainment, health and dental, severance and a retirement package) and still have the company keep it’s ‘non-profit’ status since all of the above would become an operating expense. It’s a common game that the big-boys play.
Cap and trade is a fine on manufacturing. Supposedly, some of the fine money will be distributed to the poor to help them pay their energy bills. Some of the fine money (supposedly) will be given to underdeveloped nations who are not manufacturing much of anything. Liberals are saying that the fines will motivate manufacturing not to emit CO2 into the air. These fines will have no effect on climate change - as the proponents of this scheme claim. The sun controls the climates of this planet and all the other planets in our solar system. Besides, no amount of money given to the poor and the underdeveloped nations will have one iota of effect on how the sun warms the earth. However, the cost of the fines will be passed on to the consumer. Obama claims that energy costs will “skyrocket”.
This whole scheme is to ruin manufacturing in the United States.
Can anyone explain in normal terms what the cap and trade thing consists of, please?
Countries such as China and India won’t be participating. All of our efforts and self punishment will be for nothing as other nations reap the rewards of our losses. And this scam is based on unproved claims by scientists and organizations who stand to gain by perpetuating the idea that man has the ability to control the earth’s climate.
Just follow the money, the grants and the politics of power and control. Who is behind the scam and what can they gain from their efforts?
And, most importantly, who are the skeptics and what are their credentials?
Al Gore has been caught in many lies and exagerations. It’s all on record and substantiated. Al Gore also refuses to debate usually demonizing skeptics rather than addressing their arguments. This alone should be cause to question the legitimacy of the GW movement.