Several years ago, I was having what I considered to be a friendly conversation with a stranger about cap and trade legislation. Apparently, my self-monitor was slightly off that morning, because when I made a light-hearted joke, I was quickly put into my place and told how serious the issue was. I kindly apologized and exited the conversation as quickly as possible. However, I began thinking about the public perception and fear that comes with renewable legislation at the state and federal level. continue
Category: Cap and Trade
If you are keeping up with the developments in Congress around “Cap and Trade” and the newest incarnation moving through the House, the Energy Tax Prevention Act, then you can picture the face-off this appears to be. Essentially, you have two sides, which are bickering on points that would benefit from a little round-table discussion. What we need here is a little peace, love and understanding.
First, we have the Cap and Trade folks who want to insert regulation, which will hold large greenhouse-gas emitters responsible for polluting. In a nutshell, the process would work like this: A company is told they can produce a certain amount of pollutants (Cap), and depending if the company over-pollutes or under-pollutes, they can purchase or sell credits (Trade) to ensure compliance under the proposed system. Sounds great, right? Well, not so fast, because this produced a firestorm of critics and lobbying efforts to denounce even the thought of a Cap and Trade system. Opposition runs the gamut from paranoid (the government is trying to control everything) to financial (the excess costs a company would incur would be passed to the end customer, which would spiral Americans into a desolate country of glorified panhandlers.) continue
Ahhh, bipartisanship. The inner workings of our beloved government can strike feelings of frustration, confusion and an overall sense of general disorder in the typical layman. Many would associate the shift in power and control in Congress with the sometimes violent childhood game of Red Rover. The verbal swipes between parties seem even more similar to “clotheslining” the kid down the street. Well, at least to me.
Take the friendly topic of “cap and trade,” which began innocently enough as a program to curb pollutants. The overall goal was to reduce greenhouse gas emissions from large producers by 17% by 2020. Sounds great, right? Well supporters of a cap-and-trade system believe it will be positive both economically continue