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Posted on 05/21/2008 10:19:04 AM PDT by Bob J
John McCain will establish a market-based system to curb greenhouse gas (GHG) emissions, mobilize innovative technologies, and strengthen the economy. He will work with our international partners to secure our energy future, to create opportunities for American industry, and to leave a better future for our children.
John McCain's Principles for Climate Policy
• Climate Policy Should Be Built On Scientifically-Sound, Mandatory Emission Reduction Targets And Timetables.
• Climate Policy Should Utilize A Market-Based Cap And Trade System.
• Climate Policy Must Include Mechanisms To Minimize Costs And Work Effectively With Other Markets.
• Climate Policy Must Spur The Development And Deployment Of Advanced Technology.
• Climate Policy Must Facilitate International Efforts To Solve The Problem.
John McCain's Cap and Trade Policy
John McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.
How Does A Cap-And-Trade System Work?
A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.
Greenhouse Gas Emission Targets And Timetables
2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)
2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)
2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)
2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)
The Cap And Trade System Would Allow For The Gradual Reduction Of Emissions.
The cap and trade system would encompass electric power, transportation fuels, commercial business, and industrial business – sectors responsible for just below 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase "offsets" – financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture – to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.
Innovating, Developing and Deploying Technologies
To Support The Cap And Trade System, John McCain Will Promote The Innovation, Development And Deployment Of Advanced Technologies. John McCain will reform federal government research funding and infrastructure to support the cap and trade emissions reduction goals and emphasize the commercialization of low-carbon technologies. Under John McCain's plan:
Emissions Permits Will Eventually Be Auctioned To Support The Development Of Advanced Technologies. A portion of the process of these auctions will be used to support a diversified portfolio of research and commercialization challenges, ranging from carbon capture and sequestration, to nuclear power, to battery development. Funds will also be used to provide financial backing for a Green Innovation Financing and Transfer (GIFT) to facilitate commercialization.
John McCain Will Streamline The Process For Deploying New Technologies And Requiring More Accountability From Government Programs To Meet Commercialization Goals And Deadlines.
John McCain Will Ensure Rapid Technology Introduction, Quickly Shifting Research From The Laboratory To The Marketplace.
John McCain Will Employ The Inherent Incentives Provided By A Cap-And-Trade System Along With Government-Led Competitions As Incentives For New Technology Deployment.
John McCain Will Foster Rapid and Clean Economic Growth
John McCain Believes An Effective And Sustainable Climate Policy Must Also Support Rapid Economic Growth. John McCain will use a portion of auction proceeds to reduce impacts on low-income American families. The McCain plan will accomplish this in part by incorporating measures to mitigate any economic cost of meeting emission targets, including:
Trading Emission Permits To Find The Lowest-Cost Source Of Emission Reductions.
Permitting "Banking" And "Borrowing" Of Permits So That Emission Reductions May Be Accelerated Or Deferred To More Economically Efficient Periods.
Permitting Unlimited Initial Offsets From Both Domestic And International Sources.
Effectively Integrating U.S. Trading With Other International Markets, Thereby Providing Access To Low-Cost Permit Sources.
Establishing A Strategic Carbon Reserve As A National Source Of Permits During Periods Of Economic Duress.
Early Allocation Of Some Emission Permits On Sound Principles. This will provide significant amount of allowances for auctioning to provide funding for transition assistance for consumers and industry. It will also directly allocate sufficient permits to enable the activities of a Climate Change Credit Corporation, the public-private agency that will oversee the cap and trade program, provide credit to entities for reductions made before 2012, and ease transition for industry with competitiveness concerns and fewer efficiency technology options.
A commission will also be convened to provide recommendations on the percentage of allowances to be provided for free and the percentage of allowances to be auctioned, and develop a schedule for transition from allocated to maximum auctioned allowances. Cap-and-trade system will also work to maximize the amount of allowances that are auctioned off by 2050.
John McCain Will Provide Leadership for Effective International Efforts
John McCain Believes That There Must Be A Global Solution To Global Climate Change. John McCain will engage the international community in a coordinated effort by:
Actively Engaging To Lead United Nations Negotiations.
Permitting America To Lead In Innovation, Capture The Market On Low-Carbon Energy Production, And Export To Developing Countries – Including Government Incentives And Partnerships For Sales Of Clean Tech To Developing Countries.
Provide Incentives For Rapid Participation By India And China, While Negotiating An Agreement With Each.
John McCain Will Develop a Climate Change Adaptation Plan
John McCain Believes A Comprehensive Approach To Addressing Climate Change Includes Adaptation As Well As Mitigation. He believes:
An Adaptation Plan Should Be Based Upon National And Regional Scientific Assessments Of The Impacts Of Climate Change.
An Adaptation Plan Should Focus On Implementation At The Local Level Which Is Where Impacts Will Manifest Themselves.
A Comprehensive Plan Will Address The Full Range Of Issues: Infrastructure, Ecosystems, Resource Planning, And Emergency Preparation.
Oh I know they’ll all go up. Don’t wear your mouse out. ;-)
A retreat on the global warming and campaign finance fronts would be good places to start and might bring a lot of folks back but I seriously doubt anyone will trust him regardless what he says on immigration reform.
Let me thank you for proffering your opinion. However, with all due respect, i frankly don’t give a damn about your opinion of my choice to vote or not.
I am at the point now that i think we will be better served to let the Damnacrots drive this country into the dirt and hope for a rise from the ashes later.
McCain will only dilute conservative principles associated with the GOP. I have tried and tried, and every time i think i will be comfortable with him, he shows how left he truly is. I spent time trying to get folks to support either Rudy or McCain. But this environmental crap is going to be the end of our standard of living and freedom to travel. This is one issue i cannot support, even if it is only a part of his agenda.
I am sending a letter to his campaign to stop sending me letters asking for $$$ until he rescinds his position on this issue. I will not be changing my mind so no one else needs to try.
What about scientifically sound scientific evidence? What about that, huh Juan?
I am flattered by your infatuation with everything I say and do.
That aside, McCain had done enormous damage to the fight against the premise that man causes climate change by embracing the liberal idea that we do. For that, I can not forgive him, and I will not support him.
I'm with you there. Every single fund raising letter/survey I get I fill out and return with a letter explaining that I will not send money to McCain or the RNC because of McCain's stance on "Climate Change". I also inform them that they will need to raise money from McCain's target base, and good luck with getting Liberal Democrats to send them money.
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Don’t stop the mail. See my post #27. Send him one or more of these instead...
No one is consumed by it, but you are. Thats why it upsets you.
Bush is better than McCain. Ain’t sayin’ much.
If you don’t want Obama, fight to get a new candidate. Otherwise, you must want Obama.
Well this seems to be the major opinion and strategy of the anti-McCainiacs. Please understand that some here don't want the country to be driven into ashes, don't want to be wallowing down there with you for 8 years and in fact believe you are quite insane to wish for such thing much less base an 8-12 year political strategy on such.
With liberal control of the MSM, education and hollywood, anyone who believes the voters of this country will end up blaming lib policy/action for ANY of the downside is either blind to history or fooling themselves.
They'll just find a way to blame it on the GOP and conservatives like they always do.
And then where will we be? Permanently stuck in "the ashes" with the architects of this idiotic plan screaming "I TOLD YOU SO!" as if there were any sanity present to begin with.
Sorry Sir, not for me. I'd rather work with what we got and go down fighting than capitulate and hand it all over to the socialists on a silver platter.
Why does this strategy remind me of the bugout from Saigon?
I'm sorry. I'm not connecting all the dots in your line of reasoning. Can you layout a little more detailed?
Well, I like a good train wreck same as everyone else.
Hah, it is understandable when someone changes the tone from your programmed line, that you would have comprehension problems. Why is that? I said, you want Obama and you are doing all you can to make that happen. Figure it out. Meanwhile, I will cook my dinner and get a good nights sleep while I wait.
This simply MUST be stopped. McCain first introduced this in 2003 and has only grown more deliberate in forcing through this ill-conceived scheme that will do nothing but enrich the few, destroy the economy, and subject us to more international laws. And this seems to be his number ONE domestic policy issue. I don't care what letter he chooses to put next to his name, the man is dangerous.
There are too many things to criticize in his global warming position. I will say that the Climate Change Credit Corporation is a real doozie!
Wealth redistribution and global governance--is this the new "brand" for the GOP?
How’s the Koolaid holding out?
Better ration it, it’s going to be a long hard road till November after the MSM gets through with your hero. Not to mention that 40 million waiting to be dropped on campaigning against McNuts. And don’t forget that rumor about how his wife became so rich (How he dumped his other wife, etc,,,) by scamming a charity fund.
There are dark little secrets and October surprises that will start around July. Add to that the fact that the Democrats will have their candidate and their party will be loaded for bear. They want this really bad and will stop at nothing to get it.
Conservatives aren’t your enemy or your biggest problem, McNasty is your biggest problem. You can blame those of us who refuse to drink the Koolaid all you like, but in the end, McCain has brought this party to level so low, you’ll need a step ladder to get back to the bottom.
Please see 1992-94.
Let me get this straight, we shouldn’t vote for McCain because the dims will be playing hardball politics?
Wow, I guess in that case we wouldn’t be able to vote for anyone who got the GOP nomination.
Nice logic, but befitting an anti-McCainiac. Say anything, no matter how absurd, and see what sticks to the wall.
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