Word: capped
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...this overcast election morning in Miami, Basurto, in a neatly pressed shirt and golf cap, was one of the seniors sitting at the Obama campaign office in Little Havana waiting for a ride to the polls to cast a ballot in his first U.S. election. "I like this fellow Obama," he said in Spanish. "I agree with my daughter that it's time for a change around here, and he seems to have a more open mind than McCain." Basurto, who doesn't exactly hail from Ecuador's lily-white élite, is also pleased by the fact that Obama...
Even if Europe pulls back, the U.S. may be able to pick up the slack. Both presidential candidates support a national carbon cap-and-trade system, similar to that in place in Europe, and Barack Obama has pledged to invest $150 billion in clean tech over 10 years if he's elected President. The recent economic bailout leaves the next Administration with less to spend, but Obama at least thinks green investment will create new industries and jobs that can't be outsourced. He told TIME's Joe Klein that energy will be his No. 1 priority if he enters...
...vital that the next administration put science at the fore, because today’s biggest challenges require scientific solutions. For instance, global warming may be the biggest international threat of our generation. Both major candidates have outlined a form of a cap-and-trade system to fight it, but they could both use more guidance. The negative side effects and enforcement problems plaguing Europe’s cap-and-trade system over the past few years should be a clear warning to both candidates that the policy is much better in theory than in practice. In addition, research indicates...
...credit, McCain has defied the Republican leadership to advocate for a cap-and-trade system of controlling carbon emissions. But his selection of Sarah Palin as a running mate has destroyed whatever credibility he might have had on this issue. Governor Palin’s energy policy—what little there is of one—largely consists of chanting “drill baby drill” at campaign rallies, a strategy soundly rejected by the U.S. Department of Energy. Even more frightening to us is the Governor’s refusal to acknowledge the scientific consensus...
...Senator Obama’s plan, by contrast, is a breath of fresh air in an otherwise stale debate. Obama supports a comprehensive cap-and-trade emissions reduction scheme, which would auction off pollution permits to various firms. Obama has voted for critical tax credits to the renewable energy sector, including wind and solar energy companies. Additionally, Obama’s plan to invest a significant sum—up to $15 billion—in the development of alternative energy technologies represents a much-needed departure from the failed policies of the past eight years...