Re: [Pen-l] Waxman-Markey giveaways pit consumer protection against climate protection. Poor design creates zero sum game

[Jim Devine <jdevine03@xxxxxxxxx>]

is it right to conclude that these days "cap and trade," in contrast
to a carbon emission tax, is a Trojan Horse to give big subsidies to
polluters?

On Wed, May 27, 2009 at 10:50 AM, Gar Lipow <gar.lipow@xxxxxxxxx> wrote:
> Waxman-Markey giveaways pit consumer protection against climate
> protection:Poor design creates zero sum game -Posted 4:16 PM on 26 May
> 2009  by Gar L Lipow
>
> http://www.grist.org/article/waxman-markey-giveaways-pit-consumer-protection-against-climate-protection
> http://tinyurl.com/WaxMarkPassThru
>
> Waxman-Markey supposedly requires a large percent of the savings from
> free permits to be passed along to consumers. The intent is that they
> act as protection against price increases rather than a source of
> profits for large companies. Unfortunately, to the extent this works, it
> is likely to dampen the price signals that are supposed to help
> emissions. Equally unfortunately, these provisions are much harder to
> enforce than appears at first glance.




-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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