Clinton began a ''rebuilding the middle class'' bus tour on Monday that included a 5. Speaking in Cedar Rapids , she called for reviewing pacts like the North American Free Trade Agreement every five years - - not as aggressive a position as John Edwards's call for renegotiating Nafta or Representative Dennis J. Kucinich's call for canceling it, but an idea that received applause nonetheless. CONTENTION FOUR: SOLVENCY Carbon tax solves lowers global warming Gerald Karey, March 3. Platts Oilgram News, THE AMERICAS Pg. EPA backs carbon cap- and- trade program; House panel told can be effective environmental policy Based on the US Environmental Protection Agency's 2. The subcommittee was specifically seeking to draw lessons from existing cap- and- trade programs and the usefulness of such an approach in controlling carbon emissions. Why business will hate Obama’s new cap-and-trade rules. Potential Implications of President Obama's 'Cap and Trade' Program. President Obama has answered the questions of whether a carbon (greenhouse gas) regulatory scheme will be enacted and what form it will take. Source: CARB, California Cap-and-Trade Regulation Initial Statement of Reasons, Appendix E: Setting the Program Emissions Cap. California's Greenhouse gas cap-and-trade program. Regional Greenhouse Gas Initiative (RGGI). President Obama wants to decrease greenhouse gas emissions by 83 percent. A domestic cap and trade program will force more industries to leave America. Energy costs are a major expenditure for heavy industry. Representative Dennis Hastert, Republican- Illinois, the ranking member of the subcommittee, said the key lessons learned from the acid rain program is that the & quot; state of the commercial technology is critical. No commercially available technology exists at this time to remove carbon dioxide. Without the technology, cap- and- trade is & quot; cap- and- pray,& quot; Hastert said. Mc. Lean said for a 5% carbon cap, technological & quot; options are available. If you set the cap at 5. Richard Sandor, CEO of the Chicago Climate Exchange, whose members have agreed to voluntarily reduce their greenhouse gas emissions, said a cap- and- trade system & quot; will spur new technology. Ultimately there will be a green technology revolution.& quot; Carbon price disclosure that results from a cap- and- trade program & quot; \ in a more informed way,& quot; he said. Dallas Burtraw, a senior fellow with Resources for the Future, said the best guarantee to ensure a cap- and- trade market is fair and efficient is to have a design that is & quot; simple and transparent.& quot; A complex system for allocating emission allowances & quot; can cloak unfair and dramatic transfers of wealth,& quot; he said. In the second phase, which corresponds with the Kyoto Treaty's first commitment period of 2. What is 'Cap And Trade' Cap and trade, or emissions trading, is a common term for a government regulatory program designed to limit, or cap, the total level of specific chemical by-products resulting from private. How Cap-and-Trade Is Working in California Carbon Program May Hold Lesson for Other States. Now with the Obama administration's announcement. ACA overshadows cap and trade. Health care and climate change are rival siblings battling for attention. Washington. One unlucky and little noticed casualty: climate change. Story Continued Below But the Affordable Care Act. Health care and climate change have been rival siblings battling for attention since the start of the Obama administration (Health care, so far, has been the winner). And EPA regulators have actually used the marked- based system with success for almost two decades to deal with acid rain and smog. No one predicted this during the 2. U. S. Their legislation had implementation in mind during the drafting phase by leaning on a number of existing programs, including channeling rebates to low income people via the food stamp program to compensate for energy prices that went up because of cap and trade. Supporters can only think of what might have been - and even some opponents acknowledge global warming might have been an easier governmental lift than health care reform. Ed Markey, the Massachusetts Democrat and former congressman who led the cap- and- trade push in 2. POLITICO. Henry Waxman (D- Calif.), Markey. The GOP would have spent the last three- plus years trying to repeal it and defund it just like they did with Obamacare. And just imagine how many more punches the administration would be taking if it was juggling implementation of a climate law at the same time it was rolling out health care and the Dodd- Frank Wall Street reforms. Nick Rahall, a West Virginia Democrat and cap- and- trade opponent, when asked how the climate bill would have fit in now alongside Obamacare. After all, the administration had many of the biggest industries on board, including electric utilities, automakers and chemical companies.
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