In reading this one would think that we are on the verge of the next great ponzi scheming structured financing debacle,
The next big scam: carbon dioxide
In referring to the $7.4-billion in fraud that have occurred in the last 18 months in the EU’s carbon market: “It is clear that [carbon trading] fraudsters are fully aware [...]
The need to poke your finger in your neighbors eye runs deep in politics. How else does one explain another jurisdiction making target trash talk? Yesterday, Quebec stood up, and was counted — as another jurisdiction that has made a promises that it can’t keep.
Quebec breaks from Ottawa in plan to [...]
There is an article today indicating more delays with rules for California’s cap-and-trade program (here)
California’s blueprint to address global warming won’t include details of an emissions-trading program as regulators try to build consensus on how best to organize the market-based system….”They were a long way off at approaching consensus on the major design elements.”
This outcome [...]
Ok, so cap and trade with the US just got really interesting:
Canada to seek climate deal with Obama
Here
There was talk of this post election, including morphing the current intensity based system (in the Regularly Framework) to something with a hard or binding cap before 2015. Linking a national cap and trade program to the [...]
Ok, so the Conservative Plan is good for oil sands and the Liberal plan is not. This must be the case because the National Post says so:
..his (Dion) “Green Shift” carbon-tax scheme is, by itself, enough to persuade us that he is the wrong man to be running this country. As our [...]
Now for those of you who have spent anytime at a University know, the best definition for the institution is a group of anarchists who share a common parking lot. Generally, these are the folks who eviscerate first and argue points of fact later. This is why an open letter supporting a carbon [...]
If one looks back over the carbon policy discussions in Canada credit for early action figures prominently. Simply, under cap and trade, some argue that they should receive credit for action initiated in the lead-up to implementation. The core argument is that in expectation of a future carbon constraint, early action was undertaken [...]
While academic economists have long argued for a carbon tax, the political realities have driven policy to cap and trade. In response, those smart folks thinking of good policy design came up with the “safety valve” to allow for cost containment. The safety value concept has political appeal since it essentially caps [...]
Ok, so in taking a look at the CBO document a couple of points are worth mentioning.
First the report’s main conclusion that a carbon tax is five times more efficient than cap and trade is based on a policy comparison that is unreal. Essentially the inflexible option compared is unlike any cap [...]
The CBO report (see my last post) has a number of folks talking. But I like this reaction, (here)
Good Climate Policy, Bad Politics.
A new report from the Congressional Budget Office confirms one of the most depressing facts about climate change: The best policy is the one that’s going nowhere in Washington.
The CBO report [...]
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