Policies To Save Our Planet?
This week on the JOURNAL, Bill Moyers spoke with Sen. Barbara Boxer (D-CA), chair of the Senate Environment and Public Works Committee, about her efforts to advance “cap and trade” legislation as a response to climate change.
“We have to have a bill that gets the job done, that reduces greenhouse gas emissions so that temperatures don’t go up, you know, much above a couple of degrees over time, because if they do we’re in a lot of trouble here... There’s never going to be a good time. This is hard, we have to deal with it, and so we have to act. You cannot hide under the covers and say ‘wake me up when gas prices go under a dollar a gallon and then I’ll bring up global warming legislation’... I believe this can be structured in such a way that it actually brings around an economic renaissance.”
An article from the WASHINGTON POST highlights some of the challenges the “cap and trade” model has faced since its implementation in Europe and could encounter in the United States.
“What the snappy name ‘cap and trade’ means is that the market will put a price on something that’s always been free: the right of a factory to emit carbon gases. That could affect the cost of everything from windowpanes to airline tickets to electricity... In some ways, Europe’s program has been a success... in other ways, the approach has been a bureaucratic morass with a host of unexpected and costly side effects and a much smaller effect on carbon emissions than planned...
One key issue is how to deal with imports from countries that don’t price carbon. A U.S. system that raised costs for U.S. firms would make imported goods, especially from India and China, even more competitive, adding to the trade deficit and possibly driving U.S. companies out of business”
What do you think?
release of Rachel Carson's landmark book SILENT SPRING, amidst fiery controversy that still burns today.
