Carbon credits and debits

Peltier, Robert
December 2007
Power;Dec2007, Vol. 151 Issue 12, p4
Trade Publication
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.


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