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Old 06-30-2009   #15 (permalink)
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Re: Carbon credits

If the goal is to lower carbon, why are we auctioning the right for some to generate additional carbon? It is like saying we want everyone to go on a diet, because it is healthy. But we will auction cheese cake credits to the highest bidder. A better analogy is, we need a water ban, but we will sell water to the highest bidder. The highest bidder will then pass on the cost of the auctioned water to the consumer, who pays for them to water their lawn. No smart businessman will invest in something at an auction unless they see a return on their investment.

What is good about this big block approach, the politicians get to siphon off grease money, so they can water their lawns. Their stream will not be as noticeable, coming out of the big streams. We need an ethics clause that will not allow anyone in the bidding process to give campaign contributions before or after, or else it would look like the politicians have tampered with supply and demand, artificially lowering the supply, to create targeted demand in big blocks, so a grease money stream is make available. It is a magician trick that is easy to see through.
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