Beam me to Planet Gore !
Posted on 03/02/2009 11:58:45 AM PST by Free ThinkerNY
The only way a cap and trade system could work is if it were applied on a global basis. As it stands, net emissions will rise because industry will relocate out of the United States to countries with fewer regulations that U.S. industry currently chokes on.
Tax production and you get less production. The net effect of cap and trade is to export jobs and spread misery.
Obama's plan isn't to save the planet, Obama's plan is to destroy it.
Larry Sinclair says Obama is going down.
bookmark
Do you notice the darkness of his nostrils?
There is nothing up there.
*shudder*
The GW crowd has this Utopian idea that cap and trade will spur innovation. Cap and trade has been used to reduce acid rain problems from coal plants. However, the technology (scrubbers) was well known. Cap and trade merely provided some flexibility for producers.
Cap and trade for CO2 is entirely different. CO2 restrictions will be widespread, not narrow as for acid rain. In addition, the technology to reduce CO2 emission is not viable or even known. Cap and trade will decrease wealth so that capital is not available to invest in new technologies.
Cap and trade if fully implemented will lead to massive reductions in consumption and production. The only way to meet the quotas will be reductions. Cap and trade rewards reductions in production. Much money will be transferred for the explicit purpose of keeping land and production capacity unused.
In the bizarre proposed scheme, cap and trade will cause massive movement of production to non affected areas. Whereas trade increases wealth for everyone, cap and trade will decrease wealth for everyone. Relocating production will not benefit developing countries because developed countries will not have wealth to purchase the goods.
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