"Ironically, the ‘cap and trade’ idea that underwrites the global carbon market was originally the brainchild of US Republicans [via George Bush #1]. But this changed because of what one senior US climate negotiator at Kyoto described as a collection of “toxic” ingredients.
"“There are three issues –
- constraining industry,
- sending money abroad, and
- strengthening the UN –
Nigel Purvis, a State Department official under the Clinton and Bush administrations, said on the phone from Washington....Nigel Purvis, now the president of the Climate Advisers* consultancy in Washington."...
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"In 2008, Mr. Purvis served as a senior adviser on climate diplomacy to the Obama-Biden campaign." He is founder and president of Climate Advisers.
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3/24/09, "Climate Lobbyists Look Beyond Cap and Trade," by Christa Marshall, NY Times
- "Once we're actually trading carbon, everything moves into the litigation stage," he said.
- "That's going to be a madhouse. Everyone will be arguing over whether a ton of carbon is really a ton.""
9/16/09, McCullagh, CBSNewsBlog: "The Obama administration has privately concluded that a cap and trade law would
- cost American taxpayers up to $200 billion a year,
- the equivalent of hiking personal income taxes by about 15 percent."...
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