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Ecology, Energy, Economy

Proposed Budget Includes Cap And Trade

The new budget proposed by the President includes a new cap-and-trade program for greenhouse gas emissions. Revenues from a national cap-and-trade system for greenhouse gas emissions would come from auctions of emissions permits. The program will generate $650 billion between 2012 and 2019.
The President said, “Because our future depends on our ability [...]

‘Technology is the Key’ to Coping with Global Warming and Growth

by the World Bank
May 21, 2008—Can all developing countries grow as fast as the fastest growing economies without causing global greenhouse gases to spiral out of control?
The answer is no, unless technology and new techniques are used to “radically” reduce the amount of energy needed to produce goods, as well as cut CO2 emissions, says [...]

United States Pushes For Cap-And-Trade

President Obama spoke up about America moving toward a cap-and-trade market. “Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.”
Duke Energy Corp. and BlackRock Inc. backed the President’s push for a market-based cap on greenhouse gas emissions.
The Edison Electric Institute also supports the President’s plan. Recently, Edison reported [...]

The Oil Industry On Cap And Trade

by Widgette.com
Cap and trade is a government and business plan to help reduce human induced climate change. Under such a plan, polluters are taxed if they go over the cap. Companies that pollute under the cap are given credits that they can trade in the commodities markets.
The system has been in place in [...]

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