Carbon Cap and Trade in Trouble?

http://www.env-econ.net/images/2007/05/22/envecon.jpg

Guest post by Steven Goddard

The Senate Budget Committee chairman said today :

Sen. Kent Conrad (D-N.D.) said he has spoken to enough colleagues about several different provisions in the budget to make him think Congress won’t pass it. Conrad urged White House budget director Peter Orszag not to “draw lines in the sand” with lawmakers, most notably on Obama’s plan for a cap-and-trade system to curb carbon emissions.  “Anybody who thinks it will be easy to get the votes on the budget in the conditions that we face is smoking something,”

So who is Senator Conrad referring to with that last comment?

Orszag acknowledged concerns over the budget and added that the budget plan represents the administration’s “best judgments.

I wonder if the people in Michigan fighting to keep ice from destroying their houses, are willing to pay extra taxes to fight global warming?

“Despite the Obama administration’s claim that its budget wouldn’t raise taxes on families earning less than $250,000 a year, ‘the budget before us assumes large amounts of money’ from the climate-change legislation, Rep. Dave Camp of Michigan, the top Republican on the tax-writing House Ways and Means Committee, said at a hearing Tuesday. ‘And that means higher prices for Americans for food, for gas, for electricity, and in a state like Michigan for home heating – pretty much anything that they buy.'”

“So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

Candidate Obama in an interview with the San Francisco Chronicle January 17, 2008

I wonder if any of that huge sum might get passed on to people making less than $250,000?  What do readers think?

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sammy k
March 11, 2009 5:49 am

having a president and many congressman devoted to the global warming lie is proof we are being governed by an institution of idiots…cap and trade is a joke, just ask the europeans…its time for a tea party!!!

Mark
March 11, 2009 5:50 am

I absolutely think that some of that money will be used to subsidize people. I’ve always thought this…
I also think some of that money will be going to 3rd world and developing nations where some of it will be used to build infrastructure, and electrical power and water systems so that companies will be able to build manufacturing plants there and suck more of our jobs away.

savethesharks
March 11, 2009 5:50 am

Adolfo Giurfa wrote:
“WUWT it is a SABBATH of deniers, kind of Witches of Salem congregation, they should be sent to the stake! (Al the Magnificent, Superior of the sacred order of the Green Inquisition).”
Well IT IS NICE TO SEE YOU SHOWING YOUR TRUE COLORS, PAL!! JUST AS WE THOUGHT. A NEW WORLD RELIGION.
The New Purtians and the new Inquisition wrapped up in one.
Question for ya: Is that goofy hat that your Bishop James Hansen wore at the snowbound AGW protest in DC last week, part of the new religious garb?
By the way, Steven, I laughed my — off at that cartoon. Thanks for that.
Chris
Norfolk, VA
(or should I say…I am from Salem Massachusetts, now?)

Neo
March 11, 2009 5:51 am

smoking something
Not only are the “smoking something” but they want us to pay for it
.. and then won’t share.

Steve Keohane
March 11, 2009 5:53 am

As usual, there are many fine, thoughtful responses above to which I can add little at this point, other than feel a little relieved that there is resistance in the legislature to passing this insanity. There is little a government can do effectively, less that it can do efficiently, and at best leave the people to live minimally encumbered by the idiotic actions of its members. The most obvious disconnect to reality is the present administration’s fallacy to tax big business, which never pays taxes, only the consumer does. This is how everyone’s taxation will go up regardless of income. It will be labeled cost of living increase due to ‘obscene’ profits by evil corporations, or whatever the mot de jour is for the latest windmill jousting event by our elected elitists. I was making an allusion to Quixote, but see the metaphore has a new dimension in light of the inefficient, alternative-energy-producing machination.

Steve Keohane
March 11, 2009 5:57 am

I just realized, looking at the posting time, your server must still be on PST, unless Colorado is now in CDT…

Pamela Gray
March 11, 2009 6:05 am

RECORD REPORT
NATIONAL WEATHER SERVICE SPOKANE WA
617 AM PDT WED MAR 11 2009
THE HIGH TEMPERATURE AT RITZVILLE IN THE PAST 24 HOURS ENDING AT 600 AM
WAS 27 DEGREES. THIS SETS THE RECORD FOR THE COLDEST HIGH TEMPERATURE
FOR THIS PERIOD. THE PREVIOUS RECORD OF 32 DEGREES WAS SET IN 1962.
RECORDS HAVE BEEN KEPT AT THIS SITE SINCE 1899.
THE LOW TEMPERATURE AT RITZVILLE IN THE PAST 24 HOURS ENDING AT 600 AM
WAS 12 DEGREES. THIS SETS THE RECORD FOR THE LOWEST TEMPERATURE
FOR THIS PERIOD. THE PREVIOUS RECORD OF 16 DEGREES WAS SET IN 1950.
RECORDS HAVE BEEN KEPT AT THIS SITE SINCE 1899.
By the way gauges at airports, a notorious CO2 source, are also setting record cold daily high and low temps in Washington. I’m wondering if airports and the companies who fly planes will be willing to buy carbon credits when their own urban heat island gauges are setting record cold temps. Those credits are worthless and might (?) end up helping the stock market to stay crashed if they were to begin today.

Stef
March 11, 2009 6:06 am

UK Sceptic
“To be honest, Charlie is considered a bit of a joke by many Brits so perhaps he’s doing us a favour tooting his bugle for the other side”
I’m still waiting for the world to be turned into a grey goo thanks to nano technology in makeup and hair products. He did warn us, and we didn’t listen.
I love the man. I still remember when he said:
“”What is wrong with everyone nowadays?”
“Why do they all seem to think they are qualified to do things far beyond their technical capabilities?”
“People think they can all be pop stars, high court judges, brilliant TV personalities or infinitely more competent heads of state without ever putting in the necessary work or having natural ability.””

Fine words for a man who left school with virtually no qualifications, and whose job is basically waiting for his mother to die so he can carry on his father’s tradition of insulting every race on the planet (if the planet doesn’t turn into a “grey goo” before then.)

TerryBixler
March 11, 2009 6:11 am

From a future news report…
After fixing the banks, then fixing the economy, then fixing education, then fixing health care, then fixing the environment , then fixing global strife the president has taken a vacation from the effort of 60 days of work.

Lichanos
March 11, 2009 6:14 am

Anthony:
You have “guest posts” a lot. Interesting as they are, I’d like to have an idea of who are the writers. Do you have those bios somewhere I’ve missed?
Regards,
L

Steven Goddard
March 11, 2009 6:18 am

Obama has loaded up his cabinet and staff with AGW types. I don’t buy the argument that he is being pushed into this against his will, It is a fantastic way to redistribute wealth and save the planet at the same time.

March 11, 2009 6:22 am

[snip – this is way OT, let us stick to climate and carbon cap and trade please – Anthony]

Aron
March 11, 2009 6:46 am

Hi Adolfo
Here is Der Giftpilz
http://ia301320.us.archive.org/3/items/ThePoisonousMushroom/PoisonousMushroom.pdf
Note the chapter ‘How To Identify A Jew’.
And here is today’s Guardian article on how to identify a denier, complete with disinformation and a lack of scientific perspective/debate
http://www.guardian.co.uk/environment/blog/2009/mar/10/climate-change-denier
I asked all of the Guardian’s contributing writers for debate. I have never gotten into mudslinging contests or ad hominem attacks. I only posted the science. I put forward the motion that 19th century to mid 20th century temperature records should be higher if we account for the dimming effect of dense urban smog, therefore we need a new temperature reconstruction and recognise that the total warming over two centuries is probably half of the currently accepted figure.
The result was they banned me for one day and since then have kept me under moderation. Most of my comments where I contest Alarmism with real verifiable science are not allowed through the moderation filter.

Bruce Cobb
March 11, 2009 6:47 am

Well, I guess Obama and his taxaholic buddies have just got to ask themselves one question: Do I feel lucky? Well, do ya, climate punks?”
Go ahead, pass Cap’n Trade scam legislation, make my day.
We’ll remember in two years, and especially four.

Ron Horvath
March 11, 2009 6:51 am

Alex Llewelyn (23:29:50) :
To be honest, while Obama does seem a little hung up on the whole global warming thing, he is such an improvement from his predecessor and when you think that we could have had Palin in the white-house… Well, what more can I say.
You could say based on what we have seen so far, that conclusion is not at all self evident!

BraudRP
March 11, 2009 6:52 am

Adolfo
Try copying the name of the book into the clipboard and pasting it into something such as Google. It worked for me.

CodeTech
March 11, 2009 6:57 am

0bama an improvement on his predecessor?
Jeez, as a skeptic I’d like to know exactly how anyone can possibly come to that conclusion. Seriously. And hey, if you actually think he’s the one running this show then you can’t know much about politics on the left.
Just as Clinton “governed by polls”, 0bama does what his special interests tell him. I can’t believe intelligent people buy into the whole “no more special interests” or “no more earmarks” garbage, it’s just a different group and different earmarks.
I was highly entertained when a man with absolutely NO experience at anything was somehow sainted, while a woman with years of experience governing was written off as “inexperienced”… The power of the media is great. Apparently their power is even greater when they are delivering a message you want to hear.

Ron Horvath
March 11, 2009 6:58 am

anna v (01:34:02) :
“I think the US is still a democracy with rules, no matter how hard Bush worked to subvert them.
The US endured the eight years of Bush, and the rest of the world with it, with its war mongering, its adoption of torture as a means to ends, its subversion of constitutional rights, etc. etc. People waited for the election.”
It’s late Anna and your brain is getting warped. I highly recommend some sleep!

Aron
March 11, 2009 7:01 am

“Obama has loaded up his cabinet and staff with AGW types. I don’t buy the argument that he is being pushed into this against his will, It is a fantastic way to redistribute wealth and save the planet at the same time.”
Yes, it sounds like a fantastic way to do it even if it based on the demonisation of CO2.
But then I thought about it long and hard and worked out that the rich could afford to buy carbon credits from people less well off.
The working and middle classes can’t afford it and would be forced to purchase from the lower classes. This represents not only a lowering of middle class quality of life, but the creation of a new type of lower class or jobless person who purposely does nothing productive so that he can always sell carbon credits. Neither does he spend the money he accrues because the very act of spending cuts into his carbon credit ration.
So money filters from the top to the bottom to create wealthy bums who sleep all day and the economy suffers as a result of lower spending by the public. And the middle classes, where most of our talent and consumer spending comes from, feels the pain of becoming impoverished.
We will see people from the poor classes suffer too. Many of our star athletes came from incredibly poor backgrounds. Sports are recourse intensive endeavors. They require high level of nutrition for example. Now imagine some kid from the ghetto decides he wants to become a footballer, boxer or bodybuilder. He’s going to have to consume 3000-4000 quality calories a day. That is going to cut into his carbon credits quite heavily, forcing him to buy credits from people with jobs who have more money than he has. So he is forced to become poorer while pursuing his dreams or he has to give up his dreams because he pursuing them would be expensive.
This is the same way the poorest developing countries would always remain the poorest. Every time they try to do something resource intensive to develop their way out of poverty, they will be forced to purchase carbon credits which would rewind their progress by cutting into their coffers.
By implementing carbon trading we aren’t so much as spreading wealth around as we are creating class warfare by imposing elitism and imperialism upon those who work the hardest or are the poorest.

Kevin B
March 11, 2009 7:02 am

Here’s a stimulus package that I wouldn’t mind seeing.
Some quotes:
a plan that, in their estimation, would create two million new jobs, reduce the cost of energy, especially for lower-income Americans, make the U.S. less energy dependent, and not add to the national debt.
And would
speed up leasing for oil and gas exploration in the outer continental shelf; open up the Alaska National Wildlife Refuge for energy production “in an environmentally-sensitive way” and with revenues directed to renewable energy projects; speed the licensing procedure for new nuclear power plants; speed the resolutions of lawsuits over federal oil and gas leasing; and prohibit the Endangered Species Act and Clean Air Act from being used as the basis for cap-and-trade and other carbon regulation/taxation.
It would be a start.

March 11, 2009 7:05 am

Let’s keep on laughing: In order to capture CO2 it is used milk of lime in gas washing towers: CO2+CaO=CaCO3 (insoluble calcium carbonate)…BUT
in order to obtain burnt lime (CaO) you have to burn calcium carbonate (chalk, marble): CaCO3+Heat=CaO+CO2. Funny, isn’ t it?…BUTThat calcium carbonate comes from previously marine life fossilized shells, etc. That is: from previously ecologically recycled by nature CO2. In short, and again, “Hollywood Science”

D W
March 11, 2009 7:09 am

Last I checked, Obama was elected by a good majority. Deal with it. If you find a place with a better system, moved there.
The president is misguided on climate change, and we need to get that message to him. Write your respective politicians.
If you can confine your post to climate and climate policy (as most do), please post. If this site is going to degenerate into an Obama bashing party, I’ve made my last donation.

JamesG
March 11, 2009 7:10 am

There’s a major dilemma with being eco-friendly. Is it better to a) use disposable items or b) use re-washable items. Option a) uses up more precious resources but option b) uses more energy and dumps more detergent in the sea. What to do?

Steven Hill
March 11, 2009 7:10 am

It’s all smoke and mirrors…Obama wants taxes, taxes, taxes and a huge govenment and socialism. It’s a feed the bears strategy, you can’t stop the bears once you start feeding them. Evil large companies are raping the middle class workers, ect, ect and Obama is going to get even. That’s what he says, however, it’s easy to see that he will tax everyone and not just what he labels the rich.
CO2 = tax opportunity. Gore sees this, Hansen I think has lost his mind.
my 2 cents
Steve Hill

Ron Horvath
March 11, 2009 7:11 am

anna v
P.S. Shouldn’t you be at the dailykos.com site?