July 22, 2006

Carbonized Cash

Redstate points to a ludicrous idea from "do-gooders."

    Here's the premise: Britain and other countries are thinking about mandating emissions-trading programs for business. But, says Miliband, individuals -- not business -- account for almost half of all of Britain's emissions through their use of planes, trains, automobiles, electricity, various heating fuels -- and, presumably, belching and exhaling. "Imagine a country," says Miliband, "Where carbon becomes a new currency."

All I can imagine is an economy where the government gives people these credits. Controlling "capital" as it were.

Sounds like a recipe for a disaster.

Environment Posted by AlexC at July 22, 2006 2:32 PM

And to think that Silence chastised us for suggesting that exhaling might be made illegal. Under this proposed plan (only in Britain for now, thank NED) a little girl could only blow on dandelions if she had enough government coupons.

Posted by: johngalt at July 23, 2006 12:52 AM

My inner economist likes the idea of cap-and-trade to control pollutants. Its a good way to control something if you've decided it warrants government control. I had posted about Martin Feldstein’s similar plan for gas credits (http://www.threesources.com/archives/002899.html).

We will be forced to decide whether we want to use state coercion to control CO2. Forces of anti-modernity will use global warming to try and return us to penis-sheaths and Gilligan's Island technology.

I'll add a local report. It's hot around here. In July. Freaky...

Posted by: jk at July 23, 2006 11:44 AM

I was really chastising the commercial for appearing to claim that without fossil fuels we would all become starving people grinding corn with a stick. Alternative energy can and does provide us with the same creature comforts we have now, that is precisely the point. I am not sure where the vast 'anti-modernity" crowd is, JK can you point me in their direction? Are they the anti-matter of the vast right wing conspiracy? By the way, I missed chastising JK also for his comment a bit ago that he could use short term stats to show global warming, say from December to June. Best of luck with that - think southern hemisphere.

Posted by: Silence Dogood at July 24, 2006 12:51 AM

Silence, if I can pick the time period I can certainly pick the hemisphere. I like your idea, though. I'll do a two part study, the North, then the South. I concede that there is much to debate on the global warming question. In a way that's my point, that it is unsettled.

I will not for a second, however, accept that there is not a large, well funded, and vocal alliance that is dedicated to opposing modernity. I'd accuse mainstream groups like The Sierra Club or Wildlife Refuge. Even if you disagree with that, can you say the "new economics foundation" does not fit my description? http://www.threesources.com/archives/003133.html or scroll down to July 20.

Posted by: jk at July 24, 2006 10:38 AM | What do you think? [4]