
The Facts of Cap-and-Trade
2 years ago
Economist Nat Keohane uncovers the real facts behind clean energy legislation in our short video: "The Facts of Cap-and-Trade." With some help from a team of animators, Nat explains why a cap on global warming pollution is the best option to create a better future for America.
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Basically, the legislation that "The Facts" promotes has extremely weak targets, inconsistent with the science, and even these weak targets will not be met because of the lack of integrity of the mechanisms proposed, including unverifiable carbon offsets. The legislation would allow all required greenhouse gas reductions for almost 20 years to be met wtih offsets, while burning above the so-called "cap" continues. Please see our website at carbonfees.org for additional information. Thank you! Laurie Williams
Your comment is premised on the idea that we will somehow be able to enact a stronger climate bill sometime soon. That idea, I respectfully submit, is not even close to being correct.
It will be challenging to get the House bill, or something similar, enacted into law this year. (A stronger bill is politically out of the question this year.) And the next Congress is going to be worse on this issue, not better. So it makes sense to adopt a "good start" bill (which this is) and then look for opportunities to improve it.
I love Annie Leonard, but she's wrong on this policy (vimeo.com/7908590). Nat Keohane has it right.
Furthermore, the whole environmental issue is kind of a consequence of how our economy works, and using a principle based on this same economy... does not sound very reassuring.