Beam me to Planet Gore !
Posted on 09/25/2008 2:16:41 AM PDT by Man50D
Did you know that a 10 state coalition is holding our nation's first ever carbon allowance auction at 9:00 AM EDT today? Or that the same states will be imposing a mandatory cap-and-trade program on their electric plants beginning next month? This may surprise those who assumed that June's tabling of the national Lieberman-Warner bill coupled with already runaway energy prices and growing overall economic anxiety signaled a reprieve from this stealth tax and power grab scheme -- at least for the remainder of the year.
Nonetheless, the New York-based Regional Greenhouse Gas Initiative launches today, striving to freeze CO2 emissions through 2014 and then gradually reduce them to 10 percent below current levels by 2018. How? By setting steadily declining annual caps on the tonnage of carbon a utility may legally exhaust into the atmosphere and forcing those that cannot comply to "purchase" allowances at auction from those that can. Auction proceeds will then, at least in theory, be invested in low-carbon energy solutions such as solar and wind, which would gradually replace fossil-based generators.
Violators may also opt to pay off a portion of their carbon "debt" by purchasing approved offsets to mitigate their pollution, such as sequestration of carbon through afforestation or landfill methane capture and destruction. These offsets are perhaps the most comical component of carbon mitigation, as calculating each value implies an understanding of the same chaotic climate feedback mechanisms that even the world's leading climate modelers have thus far found elusive.
(Excerpt) Read more at americanthinker.com ...
This will help ease the cost of production. Coal prices have doubled since last Sept and the price of the carbon will work its way into the cost of production as well for these customers.
Pretty stupid really.
I guess those states will be living in the dark soon then.
Sooner if the markets open Monday, madness ensues for 10 minutes until the trading floor is forced closed. Then markets open again a couple days later, madness ensues, and black Thursday 2008 is born.
I’d like to see how well a “carbon tax” will be recieved then by the people in those states facing 75% unemployment.
well this is a federalist approach...
it’s great for the rest of the country. we can note how they fail and explain why a national program would be a disaster
How can I make som emoney off this stupidity? I can make up fictional non-carbon to sell them I guess...
Man, I want in on this racket.
Kalifornia is part of this, isn’t it?
Carbon Scam Ping - (POGW) (Cap-And-Scam)
Ebay Thinks Carbon Credits Are BS
Atlas shrugged.
I wonder what they do if no bidders show up? That would be encouraging.
I think they’ve figured out a new way to sell tulips now that the subprime bubble went pop.....
All the mammals on earth are exhaling CO2 constantly, therefore, shouldn’t we be committing 1300 billion to this liberal fairy tale?
This sort of thing is just a prelude to compulsory taxes on “carbon emissions”.
Breathing releases CO2 into the air. Therefore they will tax that too.
I don’t know about California but New Hampshire is right there with the rest of socialist New England. This REALLY sucks. Between the forest of O’Bama signs up here and the loons supporting ‘Let’s kill all the babies’ Shaheen and a Catholic Bishop still claiming he was the ‘victim’ when he assigned and reassigned known pedophile priests to new parishes the Granite State is fast becoming the ‘K-Y Jelly’ state!
“I guess those states will be living in the dark soon then.”
COLD dark
“I guess those states will be living in the dark soon then.”
COLD dark
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