Thursday, July 23, 2009

BLANK & BLANK PROPOSE CAP & TRADE

BLANK and BLANK will establish a market-based system to curb greenhouse gas emissions, mobilize innovative technologies, and strengthen the economy. They will work with our international partners to secure our energy future, create opportunities for American industry, and leave a better future for our children.
They have proposed a cap-and-trade system that would reduce greenhouse gas emissions while encouraging the development of low-cost compliance options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.
A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists around the common goal of reducing emissions.
To support the cap-and-trade system, the BLANK and BLANK Administration will promote the innovation, development, and deployment of advanced technologies. They will reform federal government research funding and infrastructure to support the cap-and-trade emissions reduction goals and emphasize the commercialization of low-carbon technologies.
BLANK and BLANK believe that an effective and sustainable climate policy must also support rapid economic growth. They will use a portion of auction proceeds to reduce the impact on low-income American families. The BLANK-BLANK plan will accomplish this in part by incorporating measures to mitigate any economic cost of meeting emission targets.

Who are BLANK and BLANK you ask ?
McCain-Palin 2008 in an ad promoting their CAP & TRADE PROGRAM

That's the truth, look it up:
http://www.tdbimg.com/files/2009/07/17/-environment-mccain_12271399362.pdf
ED

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