Originally posted by: frostedflakes
Coal provides like 1/2 of our power -- if all the plants went offline, we'd be fucked. Obama may be a hippie environmentalist, but he's not stupid, and I'm sure he likes electric lighting in his house just as much as we do.
Existing facilities would likely be exempt, or grandfathered in if clean coal techniques and carbon sequestration would allow them to meet the new emission requirements. Notice he doesn't mention anything about shutting down existing plants, but only discourages new facilities from being built.
the carbon emission would be charged to all plants.
from barackobama.com:
Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
The Obama-Biden cap-and-trade policy will require all pollution credits to be auctioned, and proceeds will go to investments in a clean energy future, habitat protections, and rebates and other transition relief for families
Well you voted for change.
I predict your unemployment lines will get longer and your power bills higher.
