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The currency is money (what else is new?). A cap-and-trade system
allows a polluter to continue poisoning the air, water and/or soil by
shelling out a few dollars to a company that's coming in under
prescribed emission limits. It's a bad system because (a) is sends the
message "Sure, you can shirk your responsibility if you can pop the
bucks for it, and (b) as near as I can tell, it does not take into
account the differences in air, water or soil conditions that affect
how well a particular locality or region can absorb carbon or a carbon
compound without suffering irreparable environmental damage.<br>
<br>
Case in point: when California lawmakers enacted a cap-and-trade
system, they envisioned interstate and even international
bucks-for-credits swaps. You might recall that the bill drew loud
applause from leading Democrats, Republicans and the likes of PG&E;
that in itself is reason to distrust it.<br>
<br>
If we're going to have a cap-and-trade system, yes, we want
transparency requirements for it. Better, though, to enact a system
that will require <i>everyone</i> to contribute to reducing emissions
of carbon and other pollutants.<br>
<br>
Also worth remembering is that DiFi did radio ads opposing the
public-power initiative (Prop. D) in 2002.<br>
<br>
Best,<br>
Rick<br>
<br>
"<big><big>BIG</big></big> government isn't the problem.<br>
<font color="#666666"><small>SECRET</small></font> government is the
problem."<br>
<br>
<br>
Don Eichelberger wrote:
<blockquote cite="mid:200803242330.m2ONUjgk030002@dolorespark.org"
type="cite">
<pre wrap="">The following is from a letter I just got from Dianne Feinstein:
</pre>
<blockquote type="cite">
<pre wrap="">It may also interest you to know that on December 6, 2007, I
introduced the "Emission Allowance Market Transparency Act," which
establishes federal oversight for new carbon emissions trading
markets. This legislation is designed to prevent fraud and
manipulation in the greenhouse gas credit markets that are expected
to develop once Congress approves comprehensive climate change
legislation with a cap-and-trade system for the trading of emissions
credits. Specifically, the "Emission Allowance Market Transparency
Act" requires the Environmental Protection Agency to create a
regulatory structure to oversee the new carbon credit markets.
</pre>
</blockquote>
<pre wrap=""><!---->
Is establishing a Carbon Trading Market an efficient way of reducing
carbon use? I would agree with setting up a mechanism for carbon
users to pay in to a fund whose purpose would be to invest in
technologies and conservation to cut carbon emissions.
But, I fear making carbon a market player will prove a disincentive
for setting serious carbon emission limits needed to help defuse
global warming. And, what will the currency be?
I can easily envision Kennicott Coal paying off its obligations as a
carbon producer by investing in palm oil plantations in Indonesia, or
am I misunderstanding?
Who has answers?
Don
Don Eichelberger
DJ Fix Independent Productions
Green Uprising Blog
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My You Tube
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Donny Fix del.icio.us book marks
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The Hegelian/Marxist goal is emancipation. Marx said it best in 1843:
"Human emancipation wll only be complete when the real, individual
man (sic) is absorbed into himself the abstract citizen; when as an
individual man, in his every day life, in his work and in his
relationships, he has become a species-being (politically accountabe
to the whole); and when he recognizes and realizes his own power as
social powers, so that he no longer separates this social power from
himself as political power."
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</pre>
</blockquote>
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