28 February 2010

Cap and Trade Basics

1 comment:

  1. We need an international arrangement to tackle global warming. But for cap and whatever or carbon tax to work globally there needs to be agreement either about how to share the limited allowable carbon emissions between sovereign nations or about how to share the trillions of revenue from an international tax or auction of allowances. Neither seems likely to happen any time soon if ever.

    I have a simple, effective and popular alternative.

    In a recent Times Online live debate see
    85% voted that "Fossil fuel companies should be obliged to sequester an increasing fraction of the carbon content of the products they sell to avoid dangerous climate change".

    Recent reports from the World Future Energy Summit
    say that “speakers pointed to the maturation of CCS and many successful pilot facilities around the world. And they set the expectation that the industry is now ready to see production facilities built in large numbers.”

    For details on why this proposal would be easier for all countries to agree to than cap and trade or carbon tax, how it would drive energy saving, renewables and nuclear, how it would be implemented and how it would stop global warming see my website at


    and my article at


    When fuel producers are obliged to place contracts for the capture and sequestration of a proportion of the carbon in their fuel, as I propose, I think there will be power companies from around the world competing to take their money. I hope we will be left wondering what all the fuss around cutting emissions was about.


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