Jun 22

Let’s start calling it what it is: ‘Pricing carbon’ = taxing carbon

By Editor Cap and trade, Carbon tax, Sen. John Kerry Comments Off on Let’s start calling it what it is: ‘Pricing carbon’ = taxing carbon

I just watched this video of Sen. John Kerry on MSNBC discussing his efforts at getting a cap and trade bill passed.  True to the recent trend Lurch avoids discussion of “cap and trade” and instead focuses on the phrase “putting a price on carbon” or variations thereof:

Lurch:

Our bill does not rely on so-called cap and trade, it’s got a very minimal, uh, mechanism in there, but it really relies on the pricing of carbon which comes by setting a target for the reduction of emissions.  That’s how you price carbon.

The term “pricing carbon” is nothing more than taxing carbon, but that’s obviously a tougher sell in this Tea Party era. Last year when “cap and trade” was the favored term by the Democrats, it was nearly universally referred to by smart aleck opponents as “cap and tax”. So why have these same folks fallen victim to the Dems linguistic trickery, and not recognized that the term “pricing carbon” is nothing more than a dishonest way to say “taxing carbon”.

Let’s start calling it what it is. It’s taxing carbon.

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Nov 26

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Oct 15

Today Al Gore made a prediction:

The Senate will pass a green jobs and climate bill before Copenhagen. This might go against what the pundits are saying, but I believe we are on the cusp of this remarkable achievement – however we all need to work our hardest to turn this prognostication into a reality.

According to the Intrade Prediction Market for cap and trade to be established by the end of 2oo9, Gore’s prediction may be a foolish one.  After hitting a high of $35 this past summer when Waxman-Markey passed the House, the price has dropped like a rock and settled at $9 today:
Price for A cap and trade system for emissions trading to be established in the United States at intrade.com

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Sep 01

The Wall Street Journal editorial board writes:

Health care isn’t the only destructive White House priority running into trouble in the Senate. Yesterday, Barbara Boxer (Marin County) and John Kerry (Nantucket) announced that Democrats won’t release their cap-and-trade bill next week as scheduled after all, but will instead postpone it for up to a month. It’s far too early to say that carbon tax and cap is dead, but mark this delay down as one more sign that it remains well short of 60 votes.

The House barely passed the Waxman-Markey climate bill in June, and only after weeks of arm-twisting and outright legislative bribery and at significant political cost to Blue Dog Democrats. The same tactics won’t be as effective in the upper chamber. In any case Ms. Boxer, Mr. Kerry and President Obama really have to convince Members of their own party, such as Kent Conrad (North Dakota), Jay Rockefeller (West Virginia) and Blanche Lincoln (Arkansas).

The latest delay is probably a submission to reality, which is a rare thing in the current political environment—and a major victory for the U.S. economy, at least for now.

A potential paradox here is that if cap and trade goes down in flames, it will be yet another political disaster for the Obama administration, and yet the unintended consequence may be that said failure will raise the odds of an economic recovery that Obama will shamelessly take credit for. But, the stain of the legislative failure will remain forever.

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Aug 25

Via my friend Todd Wynn at the Cascade Policy Institute:

Cascade Policy Institute has just released the trailer for their new documentary on cap and trade called, Climate in Chains.

The video features, Wynn, Chris Horner and Marlo Lewis, among others.

Cascade Policy also produced one of my favorite videos, Karma Neutral Offsets.

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Aug 12

The Wall Street Journal reports:

In the 1960s, a University of Wisconsin graduate student named Thomas Crocker came up with a novel solution for environmental problems: cap emissions of pollutants and then let firms trade permits that allow them to pollute within those limits.

Now legislation using cap-and-trade to limit greenhouse gases is working its way through Congress and could become the law of the land. But Mr. Crocker and other pioneers of the concept are doubtful about its chances of success. They aren’t abandoning efforts to curb emissions. But they are tiptoeing away from an idea they devised decades ago, doubting it can work on the grand scale now envisioned.

“I’m skeptical that cap-and-trade is the most effective way to go about regulating carbon,” says Mr. Crocker, 73 years old, a retired economist in Centennial, Wyo. He says he prefers an outright tax on emissions because it would be easier to enforce and provide needed flexibility to deal with the problem.

The House has passed cap-and-trade legislation. The Senate could take up a measure in September. But Republicans strongly oppose the idea — arguing that it is a tax that will hurt the economy — and Democrats are struggling to come up with an approach that apportions the inevitable cost of a cap-and-trade system among different interests, from consumers to utilities to coal plants.

Mr. Crocker, who went on to become a professor at the University of Wyoming, is one of two economists who dreamed up cap-and-trade in the 1960s. The other, John Dales, who died in 2007, was also a skeptic of using the idea to tame global warning.

And if Thomas Crocker doesn’t believe cap and trade is a good way to regulate carbon, why in hell does Congress, and the Obama administration, want to take us down that road.

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Jul 24

‘…there are blessings to be found in those big honking carbon footprints.’

By Editor Cap and trade, Carbon footprint Comments Off on ‘…there are blessings to be found in those big honking carbon footprints.’

Paul A. Ibbetson writes at  RenewAmerica:

It is interesting to note that while science daily disproves the correlation between the growth of carbon emissions and increases in planet temperature, few people speak out about the undeniable correlation between the growth of our “carbon footprint” and the growth of our freedom, stability, and economic prosperity. You see, there are blessings to be found in those big honking carbon footprints. India and China see this clearly, and they have chosen prosperity over carbon credit tomfoolery. Even the little developing nations of the world, with their war, death, and famine, would like to have a shot at a little more carbon footprint growth. That is, they would like to reap the rewards, not the Hollywood hyped detriments of the industrial world. With the Obama and Gore liberals of today, it is the capitalistic smell of the carbon footprint that offends them most; and in defense of such wondrous things, I say, embrace your carbon footprint, cherish it while you have it, and remember what it has given you. In reality, it is not a burning planet but prosperity, stability, and economic growth. Not a bad smell indeed.

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