TITLE

Carbon credits and debits

AUTHOR(S)
Peltier, Robert
PUB. DATE
December 2007
SOURCE
Power;Dec2007, Vol. 151 Issue 12, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the implications of the carbon control legislation under review by the U.S. Congress. The bill, S. 2191, America's Climate Security Act of 2007, would direct the U.S. Environmental Protection Agency (EPA) to establish a program to reduce greenhouse gas (GHG) emissions. It states that, if Congress adopts a cap-and-trade plan to control climate change, then it should recognize the collateral damage it will cause in terms of economic inequities at domestic and international level. It states that any carbon control mandate would redistribute wealth from those states with lower electric rates to those with more nuclear and renewable energy capacity. Given that China, India and the U.S. produce together 56% of global emissions, the entire world must participate.
ACCESSION #
28091304

 

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