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Leading Global Warming Crusader: Cap and Trade May INCREASE CO2 Emissions
Posted By admin On January 1, 2010 @ 5:21 am In Commentary | Comments Disabled
Washington’s Blog 
Friday, Jan 1st, 2010
James Hansen – the world’s leading climate scientist fighting against global warming – told  Amy Goodman this morning that cap and trade not only won’t reduce emissions, it may actually increase them:
The problem is that the emissions just go someplace else. That’s what happened after Kyoto, and that’s what would happen again, if—as long as fossil fuels are the cheapest energy, they will be burned someplace. You know, the Europeans thought they actually reduced their emissions after Kyoto, but what happened was the products that had been made in their countries began to be made in other countries, which were burning the cheapest form of fossil fuel, so the total emissions actually increased…
Environmental groups such as Friends of the Earth and Greenpeace  are also against cap and trade (and see this  and this ), as is the head of California’s cap and trade program  for the EPA.
Hansen also told Goodman that (notwithstanding Paul Krugman’s assertions) most economists say that cap and trade won’t work:
I’ve talked with many economists, and the majority of them agree that the cap and trade with offsets is not the way to address the problem.
As I have previously pointed out:
Obama must ensure that the banks use the trillions of dollars in federal bailout assistance to renegotiate mortgages and make new loans to worthy homebuyers and businesses. Obama must make certain that banks do not continue to squander federal largess by padding executive bonuses, acquiring other banks and pursuing new high-return, high-risk lines of businesses in merger activity, carbon trading and complex derivatives. Industry leaders like Citigroup have announced plans to move in those directions. Many of these bankers enjoyed influence in and contributed generously to the Obama campaign. Now it remains to be seen if a President Obama can stand up to these same bankers and persuade or compel them to act responsibly.
In other words, the same companies that made billions off of derivatives and other scams and are now getting bailed out on your dime are going to make billions from carbon trading.
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URL to article: http://www.prisonplanet.com/leading-global-warming-crusader-cap-and-trade-may-increase-co2-emissions.html
URLs in this post:
 Washington’s Blog : http://www.washingtonsblog.com/2009/12/leading-global-warming-crusader-cap-and.html
 told: http://www.democracynow.org/2009/12/22/leading_climate_scientist_james_hansen_on
 this: http://www.washingtonsblog.com/2009/12/worlds-leading-global-warming-crusader.html
 this: http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-leaders-of-the-rich-world-are-enacting-a-giant-fraud-1837963.html
 Friends of the Earth and Greenpeace: http://news.bbc.co.uk/2/hi/science/nature/8343489.stm
 this: http://www.foe.org/subprimecarbon
 this: http://www.guardian.co.uk/environment/2009/nov/05/friends-of-the-earth-attacks-carbon-trading
 head of California’s cap and trade program: http://www.washingtonsblog.com/2009/12/head-of-californias-cap-and-trade.html
 say: http://www.washingtonsblog.com/2009/08/economists-who-invented-cap-and-trade.html
 determined: http://www.guardian.co.uk/environment/2009/dec/03/copenhagen-summit-carbon-trading-scam
 largely taken over: http://politics.foxnews.mobi/quickPage.html?page=21292&content=28795207&pageNum=-1
 says: http://www.carbontax.org/blogarchives/2009/06/03/waxman-markey-politics-as-usual-meets-climate-change/
 this: http://online.wsj.com/article/SB20001424052748704500604574481812686144826.html
 this: http://www.reuters.com/article/GCA-BusinessofGreen/idUSTRE58D3MH20090914?sp=true
 this: http://greeninc.blogs.nytimes.com/2008/11/12/goldman-sachs-buys-into-carbon-offsets/
 this: http://www.renewableenergyworld.com/rea/news/article/2008/05/trading-sub-prime-carbon-52326
 this: http://www2.goldmansachs.com/services/advising/environmental-markets/business-initiatives/trading-and-cap-markets.html
 this: http://www2.goldmansachs.com/ideas/environment-and-energy/goldman-sachs/low-carbon-world.pdf
 writes: http://www.counterpunch.org/morici12052008.html
 invented credit default swaps: http://www.washingtonsblog.com/2009/12/woman-who-invented-credit-default-swaps.html
 Image: http://www.prisonplanet.com/2009_christmas_special.htm
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