Word: carbonator
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...Here at home, I call on Democrats to join with me in building an alternative energy strategy to limit our dependence on foreign oil. Everything is on the table, including a tax on carbon-based fuels. Finally, to achieve stability in Baghdad during the creation of the new governing coalition, I am temporarily sending two divisions-30,000 more troops-to pacify that troubled city. If a stable, moderate, inclusive Iraqi government is not created, we may be forced to reassess our military posture in the region. These initiatives may not succeed. But the time for fancy words and grand...
...Although it is not required under the legislation, the state will be under pressure from business to set up a trading scheme, similar to the greenhouse gas market in Western Europe, that allows companies to buy and sell carbon dioxide permits. Thus, industries that cost more to clean up can buy the permits from companies that can cut emissions more cheaply, and reduce their costs. "A cap-and-trade program, which has been used for controlling acid rain in the U.S., will give industry flexibility," says Jason Mark of the Union of Concerned Scientists, a science-based non-profit...
...surprisingly, environmentalists contend that technologies and strategies already exist to meet a sharp reduction in carbon emissions from power plants, oil refineries and other sources. And better technology, they insist, will be developed as a result of the new law. "California is positioning itself to become the hub of a new clean energy economy based on solar energy, ethanol and other renewable fuels," says Bernadette del Chiaro of Environment California, a Sacramento-based group. "These will be the next Silicon Valley industries for California to export to the rest of the world...
...successful only if other states follow its lead. Already, there are moves in that direction, with seven mid-Atlantic and New England states having signed a pact to cut power plant emissions by ten percent by 2019. California can be "a world leader in the effort to reduce carbon emissions," Gov. Arnold Schwarzenegger predicted as the legislature rushed to pass the bill this week. "The success of our system will be an example for other states and nations to follow as the fight against climate change continues...
...Still, few doubt that the task is daunting. No one is even certain how much greenhouse gas every industrial plant emits, since the federal government has hitherto fought off lawsuits to force the regulation of carbon dioxide as a pollutant under the Clean Air Act. That issue will be argued before the U.S. Supreme Court next December. But regardless of the outcome, California's new law, which was adopted by the legislature Thursday and is expected to be signed by Schwarzenegger next week, would require that its industries measure exactly how much they emit by 2008. Then...