Free Republic

Senator McCain gave a speech in Portland, Oregon Monday reiterating and explaining his longstanding support for a “cap-and-trade” approach to global warming. He proposes that the government require reductions in greenhouse-gas emissions but allow companies to trade emissions credits, supposedly creating an efficient, market-based distribution of the regulatory burden. Support for this policy is the biggest mistake his campaign has made so far. Early in this speech, Sen. McCain ran through a litany of woes that we can expect from global warming: “reduced water supplies, more forest fires than in previous decades, changes in crop production, more heat waves afflicting...

GOP presidential nominee John McCain is using the idea of global togetherness to promote “a cap-and-trade system” to battle climate change. He said “Americans and Europeans need to get serious about substantially reducing greenhouse gas emissions in the coming years or we will hand over a much-diminished world to our grandchildren.” According to the Arizona senator, whose opinion column appeared in the March 19 Financial Times, the United States needs to work with Europe to create a replacement for the Kyoto treaty. “We need a successor to Kyoto, a cap-and-trade system that delivers the necessary environmental impact in an economically...