The following is from a letter I just got from Dianne Feinstein:
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.
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 www.greenuprising.blogspot.com My You Tube http://www.youtube.com/watch?v=ctRp5rGJoUc http://www.youtube.com/watch?v=iySwwyZfDgE http://www.youtube.com/watch?v=8r9rK8nPREA http://www.youtube.com/watch?v=u5UbnJ0kUqo http://www.youtube.com/watch?v=4SktIYTyC1U Donny Fix del.icio.us book marks http://del.icio.us/donnyfix 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."