Quote of the Day: Politicizing Carbon Cap & Trade (More Than It Already Was...)
by Michael Graham Richard, Ottawa, Canada 
on 06.19.09
This quote by an unnamed author at The Economist speaks for itself: "Under a mammoth carbon-emissions bill now working its way through Congress, 85% of valuable permits to emit carbon dioxide (which might all have been auctioned) will be given away free. This creates a huge new pot of favours for government to hand out, and new incentives for businesses to lobby. It will be costlier to fight climate change, while harder to avoid political favour-trading." Safe to assume that many companies will decide its cheaper to hire a bunch of lobbyists to get some of those free permits rather than to make cuts in emissions... *sigh*
Thirsty for more? Check out these related articles:
- The World's Most Cited Climate Change Denier: The World's Leading Climate Scientist?
- Cap and Trade Explained - The Short Attention Span Version
- Help Supermodels Strip For Climate Change (VIDEO)
- 10 Reasons to Really Love Trees (as if You Didn't Already)
- Introducing Green Your House: This New Online World Gives Kids First-Hand Experience with Global Warming
- Cool the Earth Puts Climate Change in the Classroom
Comments ()
