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Posted on 02/17/2007 11:52:16 PM PST by neverdem
How much longer before we rich Americans are paying a mandatory per person "carbon tax" into some UN administered slush fund?
I don't see the validity in trading something that obviously has no value. If C02 were worth anything, they would not be burying it. If an entrepreneur tried such a thing, they would call it a scam put him in jail.
Not just nuclear, GE is one-stop shopping for everything energy - low watt light bulbs, gas turbines, steam turbines, coal gasification power plants, high efficiency aero jet turbines and more.
I don't know whether you really want to know or not, but carbon credits are not based on the "value" of carbon. Companies emitting CO2 pollution are given a limit on emmissions. They monitor the emissions, and if they are lower than their limit they recieve carbon credits, if they are higher they must purchase them. This allows the company to decide whether it is more beneficial to modify their equipment to less polluting types, or to buy carbon credits. It is a market, so the value fluctuates based upon supply and demand. It is a pretty good system for regulating pollution, and it is far superior to the traditional limit and fine system.
That's my point. It will suck money out of the economy and replace it with no value. I saw an example where a farmer was paid to let his fields go fallow for a carbon credit.
America. From free enterprise to regulation to welfare state to central planning. All things must pass I guess. Particularly if Democrats and Dupont think so.
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