House Panel Backs Mandatory Emissions Cap

From Greenwire (subscription required):

The influential House Appropriations Committee went on record this afternoon in support of addressing global warming through a mandatory cap on U.S. emissions. The Republican-led panel accepted a nonbinding climate change amendment that endorses capping greenhouse gas emissions as long as the program does not harm the U.S. economy. The amendment also requires participation from international trading partners.

More later...

Technorati tags: Nuclear Energy, Nuclear Power, Energy, Electricity, Carbon, GHG

Comments

Anonymous said…

Whatever you do, don't implement an emissions trading system like we have in the EU. It only creates more volatility in power prices. If you do, make sure pollution rights are auctioned, not handed out.

Anyway, a federal CO2 tax is a lot smarter than emission trading. Less bureacracy and less volatility. And it makes it possible to tax gasoline too.

The money should go directly to the elimination of payroll taxes, so that the government does not become needlessly big, and also to compensate the poor for Buschco's unjust tax breaks for the rich.

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Or you could go absolutely French, volontariste, dirigiste, statist and use the money for 300 new state owned nuclear reactors, a continent spanning power grid and a massive TGV railroad system. :) :) :)

May 10, 2006 at 3:25 PM

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