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  • cap and trade

    File This in the Category of Global Warming Absurdity

    “Changing our lifestyles, including our diets, is going to be one of the crucial elements in cutting carbon emissions,” says David Kennedy, the UK’s chief executive of the Committee on Climate Change. Apparently that includes giving up carbon-intensive food: Government advisers are developing menus to combat climate change by cutting … More

    Cap and Trade Quote of the Day

    From the Washington Post’s Steven Pearlstein: The other thing to say about it is that it is a badly flawed piece of public policy. It is so broad in its reach and complex in its details that it would be difficult to implement even in Sweden, let alone in a … More

    Cap and Trade Bill Moves Forward on Waxman’s Artificial Timeline: High Costs Remain (Part 10 in a 10-Part Series)

    Rep. Henry Waxman (D-CA) is a man of his words, sort of. He told people he wanted to get a global warming bill that capped carbon dioxide out by Memorial Day and he did: Legislation imposing the first nationwide limits on the pollution blamed for global warming advanced in the … More

    EPA's Flawed Cap and Trade Analysis

    Today the National Black Chamber of Commerce (NBCC) released a new study that predicts devastating economic impacts of Waxman-Markey’s cap and trade legislation. The analysis determines that by 2030 the law would: • Reduce national GDP roughly $350 billon below the baseline level; • Cut net employment by 2.5 million … More

    Cap and Trading Your Job In for Unemployment Insurance

    Title IV, Subtitle B, Part 2, Section 426 of the Waxman-Markey cap and trade legislation: An eligible worker (specifically, workers who lose their jobs as a result of this measure) may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks…80 percent … More

    How to Get Through a 946-Page Global Warming Bill

    What do you do when you want to pass some of the costliest legislation in history that will strip $4300 away from the average family in higher energy taxes? Hire a speed reader, of course: “Democrats in the House Energy and Commerce Committee have taken a novel precaution to head … More

    Global Warming Bill Isn’t About Saving the Environment or Protecting the Consumer

    Policymakers made it quite clear consumers will be hurt by a cap and trade bill. They also made it clear that this isn’t an environmental issue. It’s strictly politics. Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) modified their global warming cap and trade proposal to win support from skeptical … More

    Too Many Lobbyist Hands in the Cap and Trade Cookie Jar

    Warning from Dr. Enno Harders, a lead official from German Emissions Trading Authority, who experienced troubled initiating a German cap and trade system: Early cap and trade [proposals] receive enormous lobby.” Businesses rightfully have an interest in ensuring that they protect their bottom lines. Many of them have calculated that … More

    Son of Waxman-Markey: Why More Politics Makes for a More Costly Cap and Trade Bill

    After making changes to draft legislation of the Waxman-Markey cap and trade climate legislation, the economic impact of the new draft (the Son of Waxman-Markey) varies from that of the original draft in several major ways: • Compared to no cap and trade, real GDP losses increase an additional $2 … More

    Morning Bell: Avoid California's Mistakes

    Today voters in California will go to the polls to decide the fate of six ballot propositions, four of which would raise taxes on Californians. Gov. Arnold Schwarzenegger has pushed heavily for all six ballot measures which are designed to close the state’s $15 billion budget shortfall. But even though … More