"Here’s how it works: the federal government sets a limit on carbon emissions…state and local emitters buy permits to emit…if an emitter emits too much, it can buy more emission permits from another emitter who didn’t use all of its emissions. The key to all of this ingenuity is that the emission cap will be set so low, and permit prices set so high, that emitters will have to reduce emissions dramatically or go out of business. Global warming problem solved. Well, at least any global warming that sits over Utah. We don’t really have any say about the bustling economies of China or India or any of our enemy countries who don’t give one emission about global warming. But at least we’ll be doing our part.
"Okay, so this is where we all say, “You’ve got to be kidding me!!” This is the sum total of the New Green Economy? Cap and Trade? This is our economic future – buying and selling carbon credits. You know, that was a bad idea the first time we saw it on Mad Max Beyond Thunderdome."
The whole piece worth reading: The Greening of Utah. It shows the shallowness of this "economic development plan" to save the planet.
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