Skip to comments.CARBON ALLOWANCES
Posted on 11/26/2007 6:13:41 AM PST by Turret Gunner A20
The British Government is introducing a Climate Change Bill that would make legally binding targets for reducing greenhouse gas emissions.
The five-year goals will cost the UK $24 billion a year for the next 42 years, and it will also ensure that future governments are held responsible for this current legislation. The bill doesn't actually give any specifics but says the government will commit to a 60% reduction by 2050. The British government will raise new green taxes and hike up fuel costs. But it is also thinking of allocating "personal carbon allowances." Each person will be given a fixed amount of carbon to use each year. So when you travel on a plane, buy gas, go shopping or eat out, it will be recorded on a plastic card. You could sell spare carbon allowances to others who want to "indulge." But if you, yourself, run out of carbon allowances, you could be barred from flying or driving. Of course some procedure would be created whereby one individual could sell his or her carbon credits to another. The government, though, would want to regulate those carbon credit transfers in order to keep this trading out of the evil for-profit private marketplace. In doing so the government would charge a fee for each transfer ...creating yet another profit point for government. We had better get a grip on this stupid global warming scam before it robs all of us of every freedom we have left.
I could sell all of mine today!
Water vapor being a potent greenhouse effect gas, will I be ordered to stop breathing if I have reached my quota?
They don’t need the competition.
I wonder if there is a black market opportunity?
I bet more people will be moving out than moving in the UK.
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