Beam me to Planet Gore !
Posted on 09/21/2008 2:41:27 PM PDT by Puppage
Albany, N.Y. (AP) -- Connecticut and nine other northeastern states this week will take steps to check global warming by conducting the nation's first carbon auction.
Environmental groups, energy producers, and government leaders will be watching closely as the Regional Greenhouse Gas Initiative sells carbon credits in the first of a series of quarterly online auctions. The cap-and-trade greenhouse gas reduction program, which aims to hold carbon dioxide emissions steady through 2014 and then gradually reduce them, is widely viewed as a model for future programs around the globe.
The approach is patterned after the acid rain-reducing program targeting sulfur dioxide that began with a New York law in 1984 and was expanded nationally with amendments to the Clean Air Act in 1990.
RGGI caps the total amount of carbon that power plants in the 10-state region can pump out of their smokestacks at the current level -- 188 million tons. Electric power generators must pay for allowances covering the amount of carbon they emit and RGGI will provide a market-based auction and trading system where the generators can buy, sell and trade the emissions allowances.
The initiative aims to gradually reduce carbon going into the atmosphere by lowering the cap in several steps, until it is 10 percent below the current level in 2018. During that 10-year span, businesses will have to reduce their emissions. Those that can't, because of cost or technical hurdles, can buy allowances from companies that have achieved cleaner emissions.
True...and I’m positive he doesn’t already have some. I like my carbon harder and in a lovely setting surrounded by sapphires.
Best. Mission. Statement. EVER.
I say we should go get a piece of the action. Take the idea away from Gore and run with it, like Ray Kroc did to the McDonald brothers.
The thing that bothers me is that the corporations are jumping into this green nonsense lock stock and barrel. Every damned commercial these days is hawking some green program or another.
The corporations will be throwing funds at this. And those funds will be paid by us in the way of increased (or not reduced as they could have been) fees.
I love to see folks just ignore these green idiots, but no we’re being sold out lock stock and barrel by many public entities.
American Express has come up with some hair brained idea to give away money to a special cause. Card holders can sign on and vote for which special cause they want them to support.
Where does all this money come from?
Good grief, citizens of this nation are masochists.
Raise my taxes, please. Charge us more fees to take care of the green problems, please. Take our money and support special causes, please.
I should feel warm and fuzzy. Ain’t happenin’.
Throw 50 billion at it 1st thing Monday morning, then Tues. morning, then Wed. mourning, then Thursday morning, take Fri. off, too much stress on your brain, if you got one.
They're already selling carbon credits on eBay. Only one slight problem...
No one's buying them.
This is wonderful news!
Hey NE companies, you can move to Colorado, Wyoming and various central states and not have this illogical and mythical expense.
LOL - shows you how much time I spend on E-bay!
this is growth managment disguising political power grab.
ALL BUSINESS SHOULD STAY FAR FAR FAR AWAY FROM THOSE STATES.
any business that would buy this waste of money should be investigated immediatly for stockholder fraud.
Perhaps we should have an ebay auction for “hapiness”.
Took care of climate change at my other post, now I’ll go after global warming. Any body got 600 billion to spare?
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