Word: coaling
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...Kassie Siegel, director of the Climate, Air and Energy program for the Center for Biological Diversity, points out that under the ESA, any federal agency ruling on something that could impact a listed species needs to examine the effect that project might have on the animal. So a new coal plant somewhere far from the bears' habitat in Alaska could hypothetically come under review because the plant's greenhouse gas emissions would add to the warming effect hurting the bears. But Kempthorne specifically ruled out using the ESA listing for what he called "back door" climate policy. "The best scientific...
...came from that growth but pointed out that there were "costs we weren?t counting. And these terrible costs have added up." Now, he said, a cap-and-trade system would harness the profit motive to reverse that trend and usher in a cleaner, more vibrant economy. "Instantly, automakers, coal companies, power plants, and every other enterprise in America would have an incentive to reduce carbon emissions, because when they go under those limits they can sell the balance of permitted emissions for cash. As never before, the market would reward any person or company that seeks to invent, improve...
...drive down costs even further, he proposes an even more controversial cost-containment idea. His plan would allow the unlimited use of so-called offsets, or pollution credits purchased from carbon-reduction projects outside the cap-and-trade system. In other words, a coal-fired utility in Ohio wouldn't have to reduce its carbon emissions if it bought enough offsets from, say, a forest preserve that promised not to clear-cut its timber. A certain number of offsets make sense - as long as they are real and verified (which is hard to ensure). But many policy analysts fear that...
...chances of passage are next to nil. As G.O.P. opposition to the bill hardened - the business lobby argued that it would cripple the U.S. economy by raising electric rates and damaging America's ability to compete with China - McCain was cagey about whether he would support it. Most coal-state Democrats and all but a handful of Republicans are shunning the bill, but McCain recently took a stand in favor of it. He rejected those dire economic predictions from the business lobby, and said, "I hope the entire Congress will join in supporting it and the President of the United...
...don’t include India and China, the treaty is not worth the paper it’s printed on,” Zakaria said. To solve the problem of global warming, he added, “it will take Western subsidies for clean coal...the Indians and the Chinese are not going to voluntarily buy the most expensive coal in the world.” Audience members said they enjoyed the speech by Zakaria, a wunderkind who edited Foreign Affairs while still in his twenties. “He’s definitely one of the thinkers...