Word: tradings
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...Admittedly, I may be just a bit self-interested here, but such cutbacks couldn't come at worse time, with the climate battle truly ready to heat up. (In his address on Feb. 24, President Barack Obama called for Congress to send him cap-and-trade legislation.) It won't be easy, but as Pooley argues, climate change is too important to be treated like a "disposable beat," even as the media itself seems increasingly disposable. Until that changes - until reporters embrace their roles as honest referees and their bosses give them the space and resources to do their...
...paper, Pooley examines coverage of last June's Senate debate over the Warner-Lieberman Climate Security Act, the first carbon cap-and-trade bill to get a real hearing in Congress. The main question posed by the bill was economic: how much would capping and bringing down carbon emissions cost the U.S., and could we afford it? (As Pooley writes, these days "the economics of climate policy - not the science of climate change - is at the heart of [the] story.") In the months leading up to the debate, both sides - those in favor of strong action on climate change...
...quietly, that the pace of technological advance for renewable energy would be sluggish - significantly raising the costs of trying to cap carbon emissions. The models from the green side - led by the Environmental Defense Fund - tended to be fairer, projecting a range of possible economic impacts from cap-and-trade. Increasingly, mainstream economists are arguing that the costs of doing nothing about climate change will outweigh the costs of action. But too often journalists - many of whom lack a sophisticated understanding of economic modeling - resorted to "he said, she said" reporting that reinforced the idea that the two sides were...
...environment, Obama’s cap-and-trade proposal is a market-friendly, politically palatable way to reduce carbon emissions. This solution will establish a finite number of pollution permits—and thus a finite cap on pollution—that companies would be required to buy and trade in an open market. Not only will this efficiently reduce carbon emissions, but the administration projects that it would raise $79 billion in revenue. Importantly, the flexibility of cap-and-trade should make it a politically viable alternative to solutions like the gas tax, which has faced undeserved popular...
...With the projected $79 billion in cap-and-trade revenue, the Obama administration should support the development of clean, alternative energies. Cap-and-trade will help reduce emissions, but it may not be enough to reach the budget’s goals of a 14-percent reduction below 2005 levels by 2020, and 83 percent by 2050. Such drastic, long-term reductions will depend on a low-emission energy infrastructure for America, which can only be developed with alternative energy technology...