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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."
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
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.