It's what escapes from this tub-o-lard's @$$ approximately 3 hours after consuming vast quantities of Tipper's Chili.
Posted on 09/23/2008 6:53:00 PM PDT by markomalley
When 10 states in the U.S. Northeast launch the country's first cap and trade emissions market this week, their greatest service to the fight against global warming may be the mistakes they make.
In the absence of guidance from the Bush administration on how to regulate greenhouse gas emissions, the states from Maryland to Maine stepped forward to form the Regional Greenhouse Gas Initiative.
The program will cap emissions of carbon dioxide (CO2), the main greenhouse gas, at 233 fossil fuel-fired power plants starting in January. RGGI, to be launched on Thursday, will serve as a live model for Western states and Canadian provinces that hope to form a regional carbon market by 2012.
It may also become a blueprint for an eventual U.S.-wide initiative to limit emissions, since both presidential candidates -- senators Barack Obama and John McCain -- favor "cap and trade" markets which U.S. lawmakers invented to successfully cut down acid rain and which have been used in Europe to tackle greenhouse gases since 2005.
"It's a lot easier to design from a prior model than it is to start with clean sheet of paper," said Seth Kaplan, a lawyer at the Conservation Law Foundation in Boston, referring to the RGGI process.
RGGI will launch with an initial auction to sell power generators about 12.5 million tradable permits each worth one ton of CO2 emissions. Generators that cut emissions below the limits, through measures like energy conservation and green energy investments in solar and wind, will then have assets -- the permits -- they can sell to generators that could not cut emissions. More auctions will follow on a quarterly basis.
(Excerpt) Read more at guardian.co.uk ...
The cost will not be passed on to consumers.
-snicker
Such a “market” will do harm. ...yet another way for the big companies to stomp on domestic competition.
Can somebody please tell me what the hell a carbon “emission” is?
How soon before private citizens with generators are labled “production facilities” and extorted into buying carbon credits from this sham operation?
They could really contribute, if they'd just stop sending us they're usual gas bag representatives to Washington. Ol' Teddy is about to explode.......
Welcome To Texas, Y’all!
We don’t believe in that nonsense down here.
We’re open for bidness!
...
hope it lasts
...
But once everyone complies (eventually), the “paper” would become worthless, no market to trade a carbon credit... This just sounds so stupid, of course it’s real. WTF. This is the kind of BS that got us here to this current financial mess. This carbon “market” will just steal money.
Great. We'll learn a lot when they all freeze to death because creating sufficient power to heat their houses will exceed the stupid "emissions cap."
How long is it going to be before environmentalist wacko investment companies ask for a bailout because no one wants to trade their crediks?
Bobby, YOU are a carbon emitter
Now, hold your breath for 2 minutes a day to atone to Mother Earth for being alive
Could their timing be any better?
Actually, I heard Obama talking about this today as a means to finance “green” technology.
The madness continues.....
Imagine an ice cold mug of root beer. Now imagine chugging it and letting out a good belch. Now forget the whole thing because you can’t afford the carbon credits to drive to the store to buy the rootbeer or run your fridge to chill it.
It's what escapes from this tub-o-lard's @$$ approximately 3 hours after consuming vast quantities of Tipper's Chili.
“the states from Maryland to Maine”
FromBoortz.com
“Summer is officially over pretty much everywhere now ... and that would include Alaska. The National Weather Service says that there were only two days out of the entire summer in Alaska where the temperature hit 70 degrees in Anchorage. That is a record .. the coldest summer in Alaskan history. It’s that durned global warming
Wait! There’s more! Yesterday was the first day of Spring in South Africa ... and much of South Africa had snow! Sunday night was the coldest September night in history. Again ... that dag-blamed global warming. If we don’t do something about this global warming soon we’re all going to freeze our keesters off.”
Can you say ‘regional recession’ boys and girls?
the Deets
I am not sure how we took a pass on this but NJ is out for this year. Apparently we couldn’t get our ducks in a row quick enough. Maybe after the first years debacle we will opt out on a permenant basis.
I try to explain it to my kids this way. Company X pollutes, company Y doesn’t. I, being the carbon credit overseer issue each company 100 credits. When company X needs those credits to continue business they will purchase them from company Y. Company X and company Y don’t produce any less carbon but they exchange dollars to stay in business AND the overseerer gets a rake on the top. Pollution stays the same only we as consumers will now get to pay the overseerer and company Y for not polluting.
Slowly my kids are moving into the Conservative column.
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