Comments on: Senate Looks to Cap and Trade Carbon

By: FK

FK — Sat, 10 Nov 2007 00:03:47 +0000

With regards to "closet carbon", wouldn't the photovoltaic companies have to buy the fossil energy from a company that is getting charged, so that they are being charged for any fossil fuel energy they use?

Same with the farmers who buy the petrochemicals. The cost of petrochemicals will go up reflecting the new cost of carbon. These costs will be based throughout the supply chain.

What I am more worried about under this cap and trade system is how the permits get allocated. I believe I read where the coal companies will get their allocation for free.

I am also curious how they handle non-fossil fuel emissions like methane from livestock and garbage dumps. And how they will handle carbon sequestering of coal, and what kind of credits you will get for planting trees.

By: Senate Looks to Cap and Trade Carbon

Senate Looks to Cap and Trade Carbon — Thu, 08 Nov 2007 22:00:52 +0000

[...] Worldwatch Institute – China Watch, Food, News, Natural Disasters & Peacemaking, e2 – Eye on Ear… wrote an interesting post today onHere’s a quick excerpt A Senate subcommittee has approved legislation to put in place a cap-and-trade system for carbon dioxide. The New York Times and AP have detailed writeups. The cap-and-trade system would attach a cost to carbon emissions, internalizing the great externality of fossil fuel energy production that is able to pump carbon emissions into the atmosphere, placing environmental and health costs on the globe. While Senatorial Democratic leaders hope the measure will be passed by the Senate before the en [...]