Originally posted by: charrison
Originally posted by: Mill
Originally posted by: charrison
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:
linkI was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter.So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.
Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.
I can't believe you are buying into something from Newsbusters.
First off, read the SF Chronicle's rebuttal:
http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL
Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.
It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.
Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....
And again... this is nothing new. Obama's position on a cap and trade system has been known for a long time. The fact the he pointed out that companies must invest in technology to avoid having to purchase new credits is nothing special. Pretty sure that his plan allows for current companies to pay a reduced price if not be exempt much like the flawed EU system.
I never said carbon taxes were the perfect solution -- I am just pointing out that it is not a new idea. Furthermore, this is hardly a "surprise" or a cover-up up as Drudge and others were alleging.
Companies won't move away from coal until they have an incentive to do so. Making them buy more pollution control equipment is a good thing. Encouraging the construction of nuclear, wind, solar, hydroelectric or other forms of alternative energy is a good thing. There is no silver bullet to get us away from coal and oil. We have to have a steady approach that gives incentives for companies to invest in technology that is renewable, reliable, and clean.
I don't want coal companies going bankrupt and neither does Obama. He was simply pointing out that a cap and trade system discourage the new construction of coal plants that use old and inefficient technology. Those that employ new technology using scrubbers and other pollution control equipment will not only pay less of a carbon tax but they will give us cleaner air.
I generally agree cap and trade is an effective tool for controlling emissions. However, he said he would bankrupt the industry. This state would be less concerning if he was less anti nuclear power. But it appears he is against that too as he is only willing to look at it and only will say that when he has to say something on that subject.
Right now coal provides 50% of our power and I will guess that most are not going to lend themselves to capture carbon.
No, he didn't say he was going to bankrupt the industry.
Here are his remarks:
I voted against the Clear Skies Bill. In fact, I was the deciding vote -- despite the fact that I?m a coal state and that half my state thought that I had thoroughly betrayed them. Because I think clean air is critical and global warming is critical.
?But this notion of no coal, I think, is an illusion. Because the fact of the matter is, is that right now we are getting a lot of our energy from coal. And China is building a coal-powered plant once a week. So what we have to do then is figure out how can we use coal without emitting greenhouse gases and carbon. And how can we sequester that carbon and capture it. If we can?t, then we?re gonna still be working on alternatives.
?But ... let me sort of describe my overall policy. What I?ve said is that we would put a cap and trade policy in place that is as aggressive if not more aggressive than anyone out there. I was the first call for 100 percent auction on the cap and trade system. Which means that every unit of carbon or greenhouse gases that was emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants are being built, they would have to meet the rigors of that market and the ratcheted-down caps that are imposed every year.
?So if somebody wants to build a coal-powered plant, they can. It?s just that it will bankrupt them because they?re going to be charged a huge sum for all that greenhouse gas that?s being emitted.
And, yes, I agree that I don't care for his anti-nuclear stance, but I am tired of the spin. He did not say he was going to bankrupt the system. His cap and trade stance is not fundamentally different from McCain's or the way the EU has tried to implement it.
