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Senior Advisor

Cap and trade dead? It's sure not buried.

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The U.S. failure to pass cap-and- trade legislation won’t change its target for 2020 to reduce greenhouse-gas emissions by roughly 17 percent, climate negotiator Todd Stern said today.

 

The House approved a bill last year to set limits on carbon dioxide linked to global warming and create a market in pollution allowances. The bill, supported by President Barack Obama, stalled in the Senate. Without new cap-and-trade legislation, Obama’s Environmental Protection Agency plans to use existing laws to regulate some sources of carbon pollution.

 

“I think EPA will be an important piece of the total equation, and there will be legislative progress also, though I cannot tell you when it’s going to be,” Stern told a news conference in Geneva today following two days of climate talks. “I’m in no sense whatsoever writing off legislation over time, and I’m quite sure the president isn’t either.”

 

The EPA regulation planned for next year will set the U.S.’s first nationwide limits on greenhouse-gas pollution in the effort to curb global warming. Obama said last year the U.S. should aim for an emissions cut in the range of 17 percent by 2020 compared with 2005 levels.

 

“The EPA has done a lot,” Stern said. “They put in place a very significant vehicle regulation. They’re extending it to additional mobile sources. They also put in place foundation steps necessary to regulate stationary sources,” Stern said. “All that is going on and I have every reason to think that EPA will continue pushing forward.”

 

‘Meaningful Outcome’

 

The U.S., the world’s largest economy and second-biggest emitter after China, is aiming for a “meaningful outcome” at the next global climate summit in Cancun, Mexico. It is scheduled to start toward the end of November.

 

Environment ministers and officials from 46 nations meeting in Geneva for informal talks have moved forward on establishing tools to finance the fight against global warming, United Nations Chief Negotiator Christiana Figueres said today.

 

They are nearing a consensus on the need to establish a fund to channel new money to poorer countries, creating a new oversight body and engaging the private sector, she said.

 

http://www.bloomberg.com/news/2010-09-03/u-s-affirms-17-climate-target-envoys-cite-progress-on-green...

10 Replies
Veteran Advisor

Re: Cap and trade dead? It's sure not buried.

C$%!$t you are an idiot!

 

No wonder tom didn't invite you to his party.

 

If the EPA enforces anything it WILL NOT BE CAP AND TRADE. It  will be straight  regulation...most likely Clean Air Act stuff.

 

Cap and Trade was going to be a substitute for much of emissions regulation, seeking voluntary good actors who would be compensated by other actors who were not prepared of structured in such a manner where they could initiate reductions as soon or as efficiently as others to stay in business.

 

Due to the failure of cap and trade now the EPA may be able to either put both of them out of business or, more likely, raise the costs for the one outfit, that will in turn pass them along to you and me in higher energy costs. And, of course, put the other guy out of business entirely.

 

Actually, a very conservative policy proposal that will in failing continue to pile the stack of general costs on all of us higher and higher.

Veteran Contributor

Re: Cap and trade dead? It's sure not buried.

Cap & Tax, owebamacare, all this socialist crap is long from dead.  Just watch Reid and Pelosi after the November elections are over and these socialist begin their two month lame duck session.  Owebama will be signing bills right and left. 

 

America has some very dark days ahead this year before the light comes through in January.

 

Study European history especially about the German Reichstag burning and what happened.  Owebama has the same type of thing planned for America.

Veteran Advisor

Re: Welcome to The Ag Forum d:^)

The_Thrill_Is_Gone.jpg
@Gleaner-Baldwin wrote:

Cap & Tax, owebamacare, all this socialist crap is long from dead.  Just watch Reid and Pelosi after the November elections are over and these socialist begin their two month lame duck session.  Owebama will be signing bills right and left. 

 

America has some very dark days ahead this year before the light comes through in January.

 

Study European history especially about the German Reichstag burning and what happened.  Owebama has the same type of thing planned for America.


Welcome to the most active ag forum on the net. Smiley Happy  I truly believe that you are correct and when the left doe not have anything else to lose, they will do the "scorched Earth" policy.  May the Good Lord watch over us and smite the foe.

Veteran Advisor

Re: Which lord?

Just wondering which of the lords you are talking of?

Have not heard of any 'smiting' anyone or anything.

Enlighten me.

Senior Advisor

Re: Cap and trade dead? It's sure not buried.

Uh, Bruce, could you explain why or how the EPA will do this with straight regulations???

 

They are nearing a consensus on the need to establish a fund to channel new money to poorer countries, creating a new oversight body and engaging the private sector, she said.

Advisor

Re: Cap and trade dead? It's sure not buried.

You don't go out of business, you move your production to China.

 

I'm not sure cap and trade won't come around some how.  Wall Street is salivating over trading carbon derivatives, they've already spent some good change to get it set up.   DC likes to give Wall Street what it wants so DC can get the bribes contributions it wants.

Veteran Advisor

Re: Which lord?

That would be the One whom you will have a chat with (probably rather brief) a short time after you "kick the bucket".  However, you will have a chance to have an affect on the outcome of that chat between now and that time.

Veteran Advisor

Re: Which lord? OK

So this is the supreme being that you believe in. There are so many of those it gets confusing.

Now when was the last (or first as far as I am aware) time your lord smote someone?

BTW I do not have to worry about what any 'god' thinks of me after I 'kick the bucket'.

Just want to have those humans who have still not 'kicked the bucket' think well of me.

Frequent Contributor

Re: Which lord? OK

It is confusing only for the non-believers...Atheists and Agnostics. The rest of us walk in the light.

 

 

 

 

Without Christ, life is out of focus