Word: carbonator
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...average temperature in the U.S. has risen 2°F over the past 50 years. If carbon emissions are not reduced, it may climb as much as 11° more...
...fact, they're all but lying. During the House debate, Republican whip Eric Cantor, using numbers from an American Petroleum Institute study, said that the bill would eventually cost more than $3,000 per family per year - but those numbers assume that billions of tons worth of inexpensive carbon offsets won't be available under the bill, which would significantly inflate the overall cost. That's not going to happen. A more reliable study from the nonpartisan Congressional Budget Office forecast that the bill would cost the average U.S. household $175 in higher energy costs annually by 2020 - and other...
...enough safety valves and offsets in Waxman-Markey to ensure the cost will be manageable. But that's the problem. To keep conservative Democrats on board - especially those in the coal-heavy Midwest and Southeast - Waxman and Markey allowed the bill to be watered down considerably, loosening the overall carbon cap and scaling back the renewable-energy standard. When the powerful farm lobby balked at the bill, it was changed to allow farmers to sell offsets from agriculture, such as no-till farming, which leaves carbon in the soil. Worse, oversight of the agricultural offsets was taken away from...
...result, the bill will achieve most of its stated carbon cuts through offsets and through improving energy efficiency, rather than encouraging the growth of low-carbon renewable electricity. Energy efficiency is an important low-hanging fruit, and the bill will significantly slow the growth of U.S. electricity consumption over time. But carbon offsets are dicey, and may not actually provide the emissions reductions they claim to. (Studies have called into question the quality of the offsets run under the U.N.'s Kyoto Protocol system.) And a new EPA analysis of the bill forecast that the total amount of renewable energy...
...bill's defenders, which include almost all mainstream environmental groups, say that it doesn't matter where the emissions cuts come from, as long as they're legitimate and the carbon goes down. "This bill will give us lots of ways to get to where we need to go on emissions reductions," says Keohane. But over the long run, we need to cut carbon out of our energy supply - and that means vastly increasing the role of renewables like solar and wind, along with low-carbon sources like nuclear and even coal with carbon capture. That will require plenty...