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"Carbon: The New Pork!"
Posted on 05/20/2007 5:57:04 PM PDT by Shermy
As many as 5,000 businesses and public-sector bodies would be forced to buy greenhouse gas permits under plans for a mandatory carbon-trading scheme to be proposed this week by ministers.
A white paper, which is to be published on Wednesday and which will take forward Tony Blair’s plans for new nuclear power stations, is expected to commit the government to a world-leading emissions trading scheme going far beyond a European Union-wide system and plans by US states.
It is understood there will be a fresh period of consultation on the proposals – known as the Energy Performance Commitment – that could affect as many as 5,000 British organisations, which could include supermarkets, banks, pubs and hotel chains. Ministers want to spend more time working out the details of what promises to be a controversial scheme and will examine further which organisations should be included.
As with the EU’s permit trading system for big energy users and similar initiatives in some US states, including California, allowances to emit carbon would be bought and sold with an overall output ceiling set by the government.
The UK intends to go further than other major industrialised economies by forcing many other businesses to participate in a trading scheme for the first time.
Gordon Brown, the chancellor and premier-elect, believes emissions trading, rather than higher taxes, is the best way to tackle global warming. But he will want to tread carefully.
According to senior Whitehall insiders, new legislation will be needed and the scheme could be introduced in 2009. However, they stressed that no final decisions had been made. It is uncertain, too, whether the climate change bill, which was published in March and would commit the UK to legally binding cuts in carbon emissions, will be the legislative vehicle.
The white paper, which comes less than six weeks before Mr Blair quits, is likely to be the prime minister’s last big domestic policy announcement. It will pave the way for the replacement of Britain’s ageing nuclear reactors and for investment in renewable power and energy efficiency.
It will be accompanied by a repeat consultation on the merits of nuclear energy, including published analysis of its economic cost and of waste disposal options, after a judge ruled that an earlier consultation document was seriously flawed.
The white paper, which was delayed by the court ruling, is expected to include plans for a much wider emissions trading scheme, probably an auction-based “cap and trade” programme.
Hospitals, universities, government departments and local authorities could also be included in what ministers have decided should be a mandatory scheme. The aim would be to cut annual carbon emissions by at least 1m tonnes by 2020.
Ministers are looking at whether the scheme should cover organisations with electricity consumption above 3,000 megawatt hours, covering nearly 5,000 organisations, or to have a higher threshold of 10,000 megawatt hours, limiting it to about 1,200 participants.
Welfare for the nuclear energy industry ping!!
"Power generators will make tens of billions of euros in profit from the second phase of the European Union's emissions trading scheme, according to predictions in an analysis of the market released yesterday.
The second phase of the scheme, which imposes a limit on carbon dioxide emissions from industry, will run from 2008 to 2012.
The rest of this article is for FT.com subscribers only"
...darn, sounds like the best of the lot of recent articles on the carbon trading scam
Have these people ever given thought to the fact that if companis are forced to buy a phony-assed carbon credit, they willl pass that cost to the consumer. Just like they pass any other tax along to the consumer. Yes: There will be tons of money floating around buying nothing,making phony carbon credit companies rich. but the consumer is going to be screwed. In the end the recession this will cause will ruin nations.
Some of these ideas these supposedly intelligent p[eople come up with are stupendously stupid. they get rich WE get screwed.
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New!!: Dr. John Ray's
GREENIE WATCH
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