A Quote by James Hansen
Because cap and trade is enforced through the selling and trading of permits, it actually perpetuates the pollution it is supposed to eliminate.
Related Quotes
We allow it to be dumped into this community asset, which is our one and only atmosphere. So that has to change, and there's really only one entity that can do that. So we have proposed a cap-and-trade system to stop that unlimited pollution, to use the forces of the market to efficiently allocate scarce permits to allow CO2 into the atmosphere. That's just one of 500 things we need to do, but it's probably the granddaddy of them all.
Cap and trade is an important tool in California's climate policy portfolio. It sends a price signal to industries to reduce their carbon pollution while generating billions of dollars in revenue for investments in clean transportation and direct pollution reduction.
[Barack] Obama, for example, he has not given up on cap-and-trade. Now, he has not been able to pass cap-and-trade, but cap-and-trade is all about redistribution of wealth in a global basis - taking money out of this country and giving it to third-world countries on the other end of the ocean. And that is redistribution of wealth in a global basis. It's fundamental Marxism.
When I was in Minnesota serving in the state Senate and in Washington, D.C., I did everything I could to defeat cap and trade. I didn't work to implement cap and trade.
When I was in Minnesota serving in the state Senate and in Washington, DC, I did everything I could to defeat cap and trade. I didn't work to implement cap and trade.
Eventually we'll use a CO2 tax offset by a reduction in taxes elsewhere alongside a cap-and-trade plan, but the degree of difficulty associated with a CO2 tax far exceeds that with a cap-and-trade plan. We're seeing it's hard to get a cap-and-trade plan and it's much easier to use as a basis for a global agreement than a CO2 tax.
Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.
I'm not shy about stating my opinion on political issues, so I can state my opinion, which is, on this one, Premier Notley's right. Because cap and trade systems have not been shown to work. And if you want to price carbon, then I would listen to the CEO of Suncor, who suggests a clean, transparent carbon tax makes a bunch more sense than a cap and trade system that just creates jobs for traders. I - I kind of agree with that.
We need a firm cap on carbon emissions from fossil fuels. No coal, oil, or gas could enter the economy until the buyer had a permit. All permits would be auctioned by the federal government, and the number of permits auctioned would be decreased by three percent per year. Permits could be traded, but they could not be created out of whole cloth by companies that plant forests or dump iron filings at sea.
'Cap and trade' generates special interests, lobbyists, and trading schemes, yielding non-productive millionaires, all at public expense. The public is fed up with such business. Tax with 100% dividend, in contrast, would spur our economy, while aiding the disadvantaged, the climate, and our national security.
Consider the perverse effect cap and trade has on altruistic actions. Say you decide to buy a small, high-efficiency car. That reduces your emissions, but not your country's. Instead it allows somebody else to buy a bigger S.U.V. - because the total emissions are set by the cap.
To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.
If you trade with someone and they are your biggest trading partner, it is impossible you don't have trade issues.
This is the beauty of the democratic process: it permits that subjective view of justice - which everyone holds - permits that subjective way to express itself peacefully through discussion, through reason and through the voting process.
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