Now cap & trade is REALLY dead

From the WaPo:

[Obama] also virtually abandoned his legislation – hopelessly stalled in the Senate – featuring economic incentives to reduce carbon emissions from power plants, vehicles and other sources.

“I’m going to be looking for other means of addressing this problem,” he said. “Cap and trade was just one way of skinning the cat,” he said, strongly implying there will be others.

In the campaign, Republicans slammed the bill as a “national energy tax” and jobs killer, and numerous Democrats sought to emphasize their opposition to the measure during their own re-election races.

Brookings reflects, Toles nails it.

1 thought on “Now cap & trade is REALLY dead”

  1. It’s too late to deal with causes and time for the field of system dynamics to focus its limited resources on how to deal with the effects of global warming. In the grand scheme of things, it is all but impossible to “mobilise the world” with all its competing interests and best to light a candle than curse the darkness.

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