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EMISSION: IMPOSSIBLE (NY Gov Spitzer Plan To Force Power Plants To Buy "Credits" For Emitting CO2)
NY Post ^ | November 23, 2007

Posted on 11/24/2007 2:18:58 PM PST by lowbridge

Gov. Spitzer's boast last week that power plants will soon have to pay for the right to emit carbon dioxide is just the latest sign of his unseemly obeisance to over-the-top environmentalism.

Spitzer told Congress how New York has joined 10 northeastern states in a Kyoto-style project called the Regional Greenhouse Gas Initiative (RGGI), meant to combat global warming.

In 2009, these states will force power plants to buy CO2 "allowances," which will be traded on the open market.

Plants will have to get one credit for each ton of CO2 they emit. The supply of credits, to start, will be capped at 64 million - the average annual power-plant emissions in New York from 2002 to 2004. The figure will then drop slightly each year, for a 10 percent cut by 2019.

The plan's flaw is its goal: It's designed to boost electricity costs - and even force some plants to close.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; US: New York
KEYWORDS: carboncredits; elliotspitzer; energy; globalwarming; newyork; ny; rggi; spitzer
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Regional Greenhouse Gas Initiative (RGGI)
1 posted on 11/24/2007 2:18:59 PM PST by lowbridge
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To: lowbridge

I think this is a good thing. The wealthy leftwingers in NY SHOULD provide the leadership in reducing American greenhouse gas emissions. Afterall, they’ve got the money, and the rich should pick up the tab for this.


2 posted on 11/24/2007 2:22:01 PM PST by Brilliant
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To: lowbridge

Man,the guy just doesn’t know when to quit.I predict recall in his future if he keeps on like this.


3 posted on 11/24/2007 2:22:05 PM PST by Farmer Dean (168 grains of instant conflict resolution)
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To: lowbridge

lunatics-running-the-asylum alert.


4 posted on 11/24/2007 2:23:03 PM PST by the invisib1e hand
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To: lowbridge
...the latest sign of his unseemly obeisance to over-the-top environmentalism.

I don't know about unseemly obeisance, but after the license fiasco now he embarks on this? I think the guy is certifiable!

5 posted on 11/24/2007 2:25:08 PM PST by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: lowbridge; All
Fight the enviroFascists. Install an anti-Gore device.
6 posted on 11/24/2007 2:26:00 PM PST by aculeus
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To: Farmer Dean

>> I predict recall in his future if he keeps on like this.

What, you don’t think jacking up electric rates and helping businesses to fail (or leave NY!) will endear him to the voters? :-0


7 posted on 11/24/2007 2:26:28 PM PST by Nervous Tick (Retire Ron Paul! Support Chris Peden (www.chrispeden.org))
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To: lowbridge

My oh my, who is going to profit?


8 posted on 11/24/2007 2:26:37 PM PST by Hunble
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To: lowbridge
The carbon stuff aside, that guy is freeking nuts. NYC can't even handle its own garbage or prevent raw sewage from entering the Hudson during hard rains. He should concentrate on that sort of thing first.

Get ready for another blackout.

"Under Congress' directive, the US Department of Energy created the National Interest Electric Corridor to prevent blackouts like that of '03. To maintain grid stability, the feds can overrule objections by Not In My Back Yard activists and can get power lines built - lines such as the New York Regional Interconnection, which would send juice from upstate to downstate."
9 posted on 11/24/2007 2:26:40 PM PST by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: lowbridge
Electricity prices rise 12% on carbon credit purchase.

Business flees NY because of exhorbiant power price.

Nuclear plants to be charged penalty for cooling water discharge.

10 posted on 11/24/2007 2:27:11 PM PST by bert (K.E. N.P. +12 . Moveon is not us...... Moveon is the enemy)
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To: Brilliant

Even though I share your sentiments about the NY state rats, this initiative is a bad idea. This initiative is a trial run for the entire country. The Colorado governor is doing a similar thing. If carried to completion, these initiatives will drive electricity rates much higher, leading to price controls and shortages. The initiatives of course will not reduce CO2 levels or change the climate but they will make the rats feel powerful.


11 posted on 11/24/2007 2:27:20 PM PST by businessprofessor
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To: lowbridge

And who will pay the bills ultimately?????? The Taxpayer....Brilliant.


12 posted on 11/24/2007 2:27:40 PM PST by Always Right
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To: aculeus

We need to invest in insane asylums.


13 posted on 11/24/2007 2:27:44 PM PST by BARLF
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To: lowbridge
“The plan’s flaw is its goal: It’s designed to boost electricity costs - ....”

Yes it will boost costs — and that will be the acid test for the whole global warming boondoggle. Most people actually seem to believe that no sacrifices would be required to meet the Kyoto requirements — or the much more draconian ones to come. Maybe switch to curly-Q light bulbs — or make their neighbour trade in his SUV for a hybrid — but, nothing that would actually cost them anything. When prices at the pump and the plug go up — expect a serious backlash.

14 posted on 11/24/2007 2:28:00 PM PST by USFRIENDINVICTORIA
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To: Brilliant
>The wealthy leftwingers in NY SHOULD provide the leadership in reducing American greenhouse gas emissions.

Psst!

Taxes and fees don't hurt the rich - they keep you from becoming rich

15 posted on 11/24/2007 2:28:40 PM PST by bill1952
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To: lowbridge
[Since almost anyone will be able to buy allowances, brokerages like Goldman Sachs are planning to snatch them up - and sell them back to power-plant owners at huge profits once demand grows.]

You can bet Spitzer and his cronies are part of this food-chain.

16 posted on 11/24/2007 2:29:00 PM PST by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: lowbridge

Who funded the election of Gov. Spitzer?


17 posted on 11/24/2007 2:30:05 PM PST by hedgetrimmer (I'm a billionaire! Thanks WTO and the "free trade" system!--Hu Jintao top 10 worst dictators)
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To: lowbridge

OMG.... This guy has lost it totally.
We have some of the highest electric rates in the country.
Niagara Falls is 5 miles from my house, go figure.
The Huntley plant is across the river and Pataki promised them over 1 Billion in reconstruction funds.

Time to move.


18 posted on 11/24/2007 2:30:25 PM PST by The Mayor ( A man's heart plans his way, but the Lord directs his steps.—Proverbs 16:9)
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To: bill1952

Let them wallow in their mire. The higher taxes are in NY, the less they will clamor for higher federal taxes.


19 posted on 11/24/2007 2:31:19 PM PST by Brilliant
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To: aculeus
Purchase cost of credits includes a 12% commission for AL Gore /sarc

20 posted on 11/24/2007 2:35:36 PM PST by Wolverine (A Concerned Citizen)
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To: businessprofessor

>> This initiative is a trial run for the entire country. The Colorado governor is doing a similar thing. If carried to completion, these initiatives will drive electricity rates much higher, leading to price controls and shortages.

If implemented at the federal level, we’re screwed.

But, if implemented regionally, it’s a great way for the liberal a$$clown state governors to drive businesses and population out of their states.

If I were the governor of a Southern state, I’d be running full-page ads in NY and CO papers. “Your governor is an idiot! Bring your business to __! We won’t impoverish you with carbon-credit taxes in the name of enviro-weenie polical correctness!”

I wonder how many burned out Michigans we’d end up with before the “brave pioneers” wise up and repeal their stupid programs.


21 posted on 11/24/2007 2:35:56 PM PST by Nervous Tick (Retire Ron Paul! Support Chris Peden (www.chrispeden.org))
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To: calcowgirl; xcamel

.


22 posted on 11/24/2007 2:35:56 PM PST by Shermy ("A rising tide lifts all boats" ...but lowers those on the other side of the ocean.)
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To: lowbridge

Glad I don’t like in New York, would they tax me when I had some Mexican?


23 posted on 11/24/2007 2:36:23 PM PST by #1CTYankee (That's right, I have no proof. So what of it??)
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To: lowbridge

NEWSWEEK: AL GORE NOW WORTH MORE THAN $100 MILLION

[Since 2000, according to published reports, the former veep has transformed himself from a public servant with around $1 million in the bank to a sparkling private consultant with a net worth estimated to be north of $100 million. He’s a senior adviser to Google, a board member at Apple and now a newly minted general partner at Kleiner Perkins Caufield & Byers, the Silicon Valley venture-capital firm that made billions investing early in Netscape, Amazon and Google.]

http://www.newsweek.com/id/71011


24 posted on 11/24/2007 2:36:53 PM PST by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Brilliant
I think this is a good thing. The wealthy leftwingers in NY SHOULD provide the leadership in reducing American greenhouse gas emissions. Afterall, they’ve got the money, and the rich should pick up the tab for this.

That's exactly the same sentiment that sparsely populated states used to say about taxes. Turned out a bit different than envisioned, I'd say. Beware unintended consequences.
25 posted on 11/24/2007 2:40:13 PM PST by Freedom4US
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To: Farmer Dean
I predict recall in his future if he keeps on like this.

Why doesn't he just go ahead and try nationalize the power companies right away?

New York isn't a separate nation?

Does spitzer know that?

26 posted on 11/24/2007 2:41:11 PM PST by oldbrowser (Democrats don't care about "the kids".)
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To: BARLF
We need to invest in insane asylums.

Not while the inmates are running them.

27 posted on 11/24/2007 2:41:57 PM PST by lowbridge
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To: lowbridge

Yeah....make those VOTERS PAY!! HAHAHAHAHHA....that’s what they get.


28 posted on 11/24/2007 2:42:22 PM PST by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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To: lowbridge
Liberalism in a nutshell: Increase our cost of living while doing zero to reduce carbon emissions.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

29 posted on 11/24/2007 2:43:49 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: businessprofessor

The objective of this plan is to make lighting, heat, air conditioning, refrigeration, hot water, televisions, radios, computers, and everything else that uses electricity utterly unaffordable to increasingly large segments of the middle classes and unfathomable to rapidly increasing poor and destitute classes. Electricity in the very near future—certainly in four years—will become a luxury, and the overwhelming majority of the people will need to learn to live without it. Even for the affluent, electricity supplies will become erratic and unreliable. These trends will lead businesses that use electricity to increase prices drastically while decreasing availability of their products while dropping jobs and wages. We’re all getting much poorer very quickly beginning in 2009.


30 posted on 11/24/2007 2:44:09 PM PST by dufekin (Name the leader of our enemy: Islamic Republic of Iran, Mahmoud Ahmadinejad, terrorist dictator)
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To: lowbridge
Gov. Spitzer's boast last week that power plants will soon have to pay for the right to emit carbon dioxide is just the latest sign of his unseemly obeisance to over-the-top environmentalism.

The owners of the power plans should all get together and tell the govenor to go phuck himself and shut the power plant completely down. See how many minutes they'll remain offline before the Govenor comes screaming like a little beeotch stop his tax!

31 posted on 11/24/2007 2:45:53 PM PST by Bommer ("He that controls the spice controls the universe!" (unfortunately that spice is Nutmeg!)
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To: lowbridge

A government enforced SCAM. How quaint.


32 posted on 11/24/2007 2:47:31 PM PST by savedbygrace (SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
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To: bill1952
Taxes and fees don't hurt the rich - they keep you from becoming rich

It appears that folks have begun to realize that the emperor has no clothes.

33 posted on 11/24/2007 2:50:22 PM PST by rabscuttle385 (Sic Semper Tyrannis * UVA Engineering * Today, we are all Hokies. Even at UVA. 04.16.07 * Fred 2008)
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To: savedbygrace
When Hillary is quiet, Spitzer is noisy. When Hillary is noisy, Spitzer heads for cover.

From here, it looks like Schumee has distanced himself from Hillary.

34 posted on 11/24/2007 2:52:14 PM PST by Sacajaweau ("The Cracker" will be renamed "The Crapper")
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To: lowbridge

So....is that what the bailout for the Subprime mess is really going to look like? I wonder where all the $$ from this is really going.


35 posted on 11/24/2007 2:52:16 PM PST by rbg81 (DRAIN THE SWAMP!!)
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To: lowbridge

These people seriously believe that they can command the earth’s movement.


36 posted on 11/24/2007 2:52:49 PM PST by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: dufekin

I doubt that dramatic increases will happen that fast. In Colorado, commercial users will bear the brunt of higher rates shielding residential customers. The rats will tout job gains in their energy economy and find scapegoats for job losses in other parts of the economy. The rats are pushing hard to nationalize this CO2 nonsense to prevent conservative states from making the liberal states look bad. We need a conservative president to stop this madness.


37 posted on 11/24/2007 2:52:50 PM PST by businessprofessor
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To: hedgetrimmer

I’m sure George Soros threw in a dollar or two.


38 posted on 11/24/2007 2:57:24 PM PST by GiovannaNicoletta
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To: lowbridge; OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; gruffwolf; ...

FReepmail me to get on or off


Click on POGW graphic for full GW rundown

New!!: Dr. John Ray's
GREENIE WATCH

Ping me if you find one I've missed.


Spitzer losing his mind again...
39 posted on 11/24/2007 2:57:41 PM PST by xcamel (FDT/2008)
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To: Nervous Tick

Didn’t anbody ever notice that those wires hooked to their house is their permanent post-umbilical cord and here’s this guy with a bunch of similarly-minded nutcases wanting to kill momma!!??


40 posted on 11/24/2007 2:58:00 PM PST by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: Hunble
My oh my, who is going to profit?

OK, lemme see if I can remember how this goes:

Ge, Motorola, Halliburton, Ford,
Emptyin' the shelves at the company store
Who lies? (who lies?)
Who dies (who dies?)
Who pays? (who pays?)
Who profi-its?

Who lies? (who lies?)
Who dies (who dies?)
Who pays? (who pays?)
Who profi-its?

41 posted on 11/24/2007 2:59:27 PM PST by ichabod1 ("Self defense is not only our right, it is our duty." President Ronald Reagan)
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To: lowbridge
The plan's flaw is its goal: It's designed to boost electricity costs - and even force some plants to close.

“The plane was above the peaks of the skyscrapers when suddenly, with the abruptness of a shudder, as if the ground had parted to engulf it, the city had disappeared from the face of the earth. It took them a moment to realize that the panic had reached the power stations - and the lights of New York had gone out.”
-- Atlas Shrugged

42 posted on 11/24/2007 3:00:27 PM PST by 6SJ7
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To: ichabod1
Wrong!

Those who profit the most, are those who are against this thing.

Think about it....

43 posted on 11/24/2007 3:04:22 PM PST by Hunble
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To: Nervous Tick

People are already pretty steamed about his driver’s licence scheme,he needs to lay off the hare-brained ideas for a while.


44 posted on 11/24/2007 3:06:54 PM PST by Farmer Dean (168 grains of instant conflict resolution)
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To: oldbrowser

I think that what he knows and what he cares about are two completely different things.He’s acting like Soros owns him.


45 posted on 11/24/2007 3:09:07 PM PST by Farmer Dean (168 grains of instant conflict resolution)
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To: lowbridge

The stuff he’s smoking has GOT to be illegal.


46 posted on 11/24/2007 3:10:50 PM PST by Don Corleone (Leave the gun..take the cannoli)
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To: lowbridge

Gee, I wonder who will pay ???


47 posted on 11/24/2007 3:12:04 PM PST by Tarpon
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To: lowbridge

They oughta just cut off the power to the governors mansion. After all, they have to reduce emissions. And they can’t afford to pay all these extra fees.

God knows there’s enough hot air comin from Albany to run half the state.

Is this guy ever gonna get a clew what a jerk he is?


48 posted on 11/24/2007 3:15:16 PM PST by djf (Send Fred some bread! Not a whole loaf, a slice or two will do!)
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Don’t blame me... I voted for John Faso.


49 posted on 11/24/2007 3:22:21 PM PST by CTSeditor
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To: lowbridge

So who are they supposed to buy carbon credits from..... Al Gore’s company? Is this a political payoff to Al for something?

Tell you what. Since I live on 23 acres of trees I’m going to write to all the power companies and volunteer to sell them my carbon credits for half of what Al wants.


50 posted on 11/24/2007 3:23:51 PM PST by Grammy
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