Word: caps
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Radcliffe lightweight crew battled to live up to the high expectations that haunt a top-five nationally ranked crew stacked with young talent. The Black and White held its own in the East and heads to Camden, N.J. this weekend to cap the season at the IRA National Championships.“The team was adjusting to a new coach, and a few injuries kept some of our very strong rowers out of action this year, which is unfortunate since last year’s freshman boat was so strong,” senior Naomi Ford said...
...page bill that has been stuffed with handouts to various interest groups, including the nuclear industry. Initially permits worth hundreds of billions of dollars will be given out, free, to industrial greenhouse gas emitters, rather than auctioned off. The act also allows companies to meet part of their carbon caps using offsets, even as scientists increasingly question the effectiveness of such carbon trading. Both measures are likely to depress the price of carbon over the life of the bill. (The lower the real price of carbon, the less effective any cap-and-trade system will be in stimulating investment...
...that last argument - that cap and trade may place a financial burden on ordinary Americans - that may be the biggest sticking point for Warner-Lieberman or whatever comes after it. Conservative groups like the National Association of Manufacturers have released studies that claim the bill will ruin the American economy by raising the price of energy through the roof. But in reality, that scenario is unlikely - the balance of economic studies, including one by the Environmental Protection Agency, say the bill's economic cost will be manageable, and a raft of studies claim that the economic cost of doing nothing...
...anger, as every member of Congress who went home for the Memorial Day break is no doubt aware. Support for lowering energy prices is something that has both broad and deep support in America; it will drive voters to the ballot box. And although Warner-Lieberman, or any future cap-and-trade bill, is unlikely to hike the price of gasoline, it will surely be used as a convenient political scapegoat...
...world of increasingly constrained fossil fuel supplies, the only way to achieve lower prices will be through new policy that promotes the development of alternative energy - like cap and trade. But figuring out how to assemble a political coalition that understands the argument and shows deep support for climate change action - that will be the real challenge, long after Warner-Lieberman has been sent to the legislative graveyard...