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What the US Can Learn From Europe's Pollution Credit System

Al writes "Technology Review discusses what a US carbon trading scheme could learn from the flawed European experience. Advocates of carbon-trading schemes like to point to Europe's cap-and-trade program as a model worthy of emulation, but the reality has been less than perfect. A glut of pollution credits, distributed without cost during both the first, transitional phase of the program and the current working phase, drove down the value of the EUAs. As a result, Europe's carbon dioxide emissions remain priced well below 20 euros per ton. With the price of pollution so low, economists say, industries that generate and consume energy have no incentives to change their habits; it is still cheaper to use fossil fuels than to switch to technologies that pollute less. Establishing a carbon price in the US system now, and tightening the system later, could send a dangerously wrong signal to financial markets looking to invest in new energy technologies."

13 of 425 comments (clear)

  1. Re:That any government attempt to control... by megamerican · · Score: 4, Funny

    Yup.

    I particularly like how we're taxing carbon. Carbon is a dirty word now, despite it never harming anyone.

    Unlike the real threat of Di-Hydrogen Monoxide!

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    If you have something that you dont want anyone to know, maybe you shouldnt be doing it in the first place -Eric Schmidt
  2. Re:And one lesson you can learn *before* failing by Chris+Burke · · Score: 5, Funny

    Specifically, the BRIC block (Brazil, Russia, India, and China).

    Not to mention Latvia, Estonia, Georgia, and Oman. The LEGOBRICs will be the building blocks of our destruction.

    --

    The enemies of Democracy are
  3. Re:That any government attempt to control... by gclef · · Score: 5, Funny

    Carbon never harmed anyone?! Are you kidding!? How much carbon is in a bullet? How much of a bomb's explosiveness is due to carbon reactions? I'll tell you: lots. You say Carbon's a dirty word, I'll tell you what: you're right...it is dirty. Have you ever handled powdered carbon, aka graphite? All it does is dirty stuff up. That stuff's nasty. So I think it's appropriate that carbon is a dirty word...it's a dirty, dirty element.

    If carbon didn't exist, we'd live in a very different world.

  4. Re:That any government attempt to control... by cptnapalm · · Score: 3, Funny

    I heard about that... that's some scary shit. Like how if you breath it, it will kill you damn fast. Apparently it feels a lot like drowning.

  5. Re:That any government attempt to control... by EraserMouseMan · · Score: 3, Funny

    Hey! Lay off of Obama. Or ACORN will bust your kneecaps.

  6. Re:If carbon didn't exist by ArhcAngel · · Score: 4, Funny

    We are ugly bags of mostly Di-Hydrogen Monoxide.

    --
    "A person is smart. People are dumb, panicky dangerous animals and you know it." - K
  7. Re:That any government attempt to control... by geegel · · Score: 2, Funny

    It's incredibly difficult to remove too. Wash it up with water all day long and it simply refuses to go away.

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    right...
  8. Re:That any government attempt to control... by Alsee · · Score: 4, Funny

    Too much science supports the conclusion that CO2 insulates and raises temperature of an atmosphere to ignore.

    You're wrong.
    If one is motivated enough and cultivates the proper mindset, it is possible to reach a high enough level of ignore-ance to overcome any given quantity of science, evidence, and logic.

    -

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    - - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.
  9. Re:That any government attempt to control... by Red+Flayer · · Score: 4, Funny

    Bullets are lead*, and graphite is an excellent lubricant.

    Gee thanks budyd. That is so not true!

    Sorry for the tpyoes, I'm psoting this from the emergnecy room on my balckberry... the doctors said it'll be a three hour operation to remove the pencils from my wife.

    --
    "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
  10. Re:If carbon didn't exist by PitaBred · · Score: 2, Funny

    At least the planet is mostly harmless to the rest of the galaxy

  11. Re:Success depends on the goal by Alsee · · Score: 2, Funny

    The green movement is basically a watermelon, enviro green on the outside and red communist inside.

    And don't forget the Seeds Of Homosexuality inside!

    Remember kids, Jesus hates commies, and he hates gays, and he hates the environment, ummmm and he hates watermelons. Jesus especially hates the Gay Seeds of Homosexuality in watermelons.

    -

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    - - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.
  12. Re:That any government attempt to control... by j-turkey · · Score: 2, Funny

    I heard about that... that's some scary shit. Like how if you breath it, it will kill you damn fast. Apparently it feels a lot like drowning.

    Although it is controversial, I heard about it being used for torture. Some would argue that DHMO is only used for enhanced interrogation techniques, though.

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    -Turkey

  13. Re:That any government attempt to control... by Carewolf · · Score: 2, Funny

    No, the fact is, I haven't heard a scientific THEORY about CO2, at all.
    I've seen hypotheses, sure. A properly formulated and tested theory as to the mechanics? Nope.

    You haven't looked hard enough

    Laboratory test confirms it, the function of Greenhouses confirms it, and a large scale "test" is currently being conducted on a global scale, that is also confirming it.