Word: caps
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Dates: during 2000-2009
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...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...
...believes that the quest for new engines and fuels for the future will serve as a "new driver" for robust economic growth. (It has happened before - just ask Thomas Edison and Henry Ford.) But momentum alone won't make it happen. Beneath the surface consensus lies enormous controversy. The cap-and-trade system of charging factories and utilities for permits to burn fossil fuels would be a major intervention in the economy, and opponents will argue that it's too great a shock to apply to an already ailing patient...
...move he has signaled throughout his campaign. (He shocked his party when he suggested New York liberal Andrew Cuomo to head the Securities and Exchange Commission and said he would love to have Obama supporter Warren Buffett as his Treasury Secretary.) He might be able to sign a cap-and-trade energy bill - though it would hurt him with gop conservatives. He might be able to please the right with some judicial appointments - but that would hurt him with Democrats. He could please hawks by rattling his saber at Iran and reach out to doves by using his credibility...