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1
Thank goodness the fine activists over at Alcoa, Chevron, General Electric, Shell, Southern California Edison, Merrill Lynch, Deutsche Bank, Morgan Stanley, Barclay’s Capital and Goldman Sachs have set up this carbon exchange system. They really care so much about global warming...or cooling....or whatever. And in the off chance this ends up being a massive cynical scam to create trillions of derivative garbage, while carbon waivers are granted to inside players, and it fails to effect greenhouse gas emissions .....these stalwarts of environmentalism could always trash the global economy again to drive demand back down.
Posted by Spindles on November 14, 2012 at 5:39 PM · Report this
Tacoma Traveler 2
Cap-and-trade is the wrong approach. Here's the right one:

1) A set tax is levied across the board on all businesses of every kind.

2) Reducing your total carbon emissions reduces the proportion of the tax owed (i.e., 10% reduction in emissions means 10% less tax owed. Zero emissions means zero tax owed).

3) No allowance for carbon credit offsets or trading of any kind.

Do this, and the industry will find a way to manufacture zero emissions vehicles and high capacity batteries.
Posted by Tacoma Traveler on November 14, 2012 at 7:26 PM · Report this
3
My understanding is that cap-and-trade is a bit like having congestion charges*. The rich can keep doing what they want just by paying a tiny bit more money for it

*by which I mean charging a toll to go into an area, say, downtown. London has it and it's very successful regarding getting people on public transport**, but for those who are very rich they get clearer roads.

**public transport is waay better in England than it is here.
Posted by Foonken2 on November 14, 2012 at 7:34 PM · Report this
TVDinner 4
@2: You may be right, but policy is formed by real legislators in real life. Considering how hard it was to make cap and trade fly nationally, I think it's pretty impressive that a state that includes Santa Barbara and Orange Counties has been at the vanguard. Let's not forget the thirty years of Eyman-esque policies that have also rendered the state almost ungovernable.
Posted by TVDinner http:// on November 14, 2012 at 7:55 PM · Report this
5
Santa Barbara sends Lois Capps, a Democrat, to Congress. It has a long history of environmental awareness that was spurred by the 1969 oil spill.
Posted by Rusty H on November 14, 2012 at 8:18 PM · Report this
Tacoma Traveler 6
4,

Thats why my tax scheme requires the deportation of Tim Eyman prior to enactment.
Posted by Tacoma Traveler on November 14, 2012 at 8:27 PM · Report this
7
"Thats why my tax scheme requires the deportation of Tim Eyman prior to enactment."

And the 2/3 of the state who voted for I-1185 this year?
Posted by Aka the people who pay for stuff around here on November 14, 2012 at 8:35 PM · Report this
8
If there's any state whose economic policies we should emulate, it's California! Great call!
Posted by Reader01 on November 14, 2012 at 9:00 PM · Report this
TVDinner 9
@6: Count me among your most ardent supporters.
Posted by TVDinner http:// on November 14, 2012 at 9:07 PM · Report this
NotSean 10
I am confident the standard tricks deployed by Wallstreet crooks - buy something bogus low; sell more-bogus high - will be quite handy for cap-n-trade.
Posted by NotSean on November 14, 2012 at 10:18 PM · Report this
Will in Seattle 11
Let's just build more global warming quadrupling Deep Bore Tunnels everywhere in Seattle and we can turn this city from a Green Paradise into an industrial Hell on Earth.

Right?
Posted by Will in Seattle http://www.facebook.com/WillSeattle on November 14, 2012 at 11:28 PM · Report this
tainte 12
aw man, it took will 11 posts to mention the tunnel. now i lost another bet.
Posted by tainte on November 15, 2012 at 5:59 AM · Report this
NotSean 13
@11 We need those boring machines to create the underground where our grandchildren will escape from the surface dweller's hell.
Posted by NotSean on November 15, 2012 at 6:04 AM · Report this
Supreme Ruler Of The Universe 14
#3

Cap and trade is what will allow coal trains to plow through Washington.

Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on November 15, 2012 at 7:43 AM · Report this
15
We need the 5 story boring machine to drive the sleeping rats onto downtown streets! Rat City !
Posted by pat L on November 15, 2012 at 8:50 AM · Report this
Will in Seattle 16
@12 I was partying with the 36th.

Read the appendices and you'll see what I mean.

Look, if it wasn't for the UW, Seattle would have actually INCREASED global warming emissions already. We can't do everything for you.
Posted by Will in Seattle http://www.facebook.com/WillSeattle on November 15, 2012 at 10:52 AM · Report this

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