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Our best chance for a cap and trade system which could reduce green house gas emissions is expected to hit the Senate floor very soon. A bill sponsored by Senator Joseph Lieberman, a Democrat, and Senator John Warner, a Republican could generate $3 trillion of value in the United States by 2050.
Many feel that this system level the playing field in which fossil fuels are currently more economical than renewable energy. Cap and trade will cause carbon levels to fall and allow companies to make money from being greener than the next guy.
Although there is much to consider and learn as we investigate this new tool, how does it help the effort to reduce the effects of global warming if the companies that continue to burn fossil fuels receive money from these new permits?
It seems that the bulk of this value should be designated for government and corporate investments in clean energy.
A simple idea worth spending some time thinking about can be found at capanddividend.org. This plan would auction all of the permits and then return all of the proceeds to the American public, in the form of per capita grants.
At least people on both sides of the aisle are starting to recognize the importance of doing something.
Many feel that this system level the playing field in which fossil fuels are currently more economical than renewable energy. Cap and trade will cause carbon levels to fall and allow companies to make money from being greener than the next guy.
Although there is much to consider and learn as we investigate this new tool, how does it help the effort to reduce the effects of global warming if the companies that continue to burn fossil fuels receive money from these new permits?
It seems that the bulk of this value should be designated for government and corporate investments in clean energy.
A simple idea worth spending some time thinking about can be found at capanddividend.org. This plan would auction all of the permits and then return all of the proceeds to the American public, in the form of per capita grants.
At least people on both sides of the aisle are starting to recognize the importance of doing something.
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