1. Home
  2. Articles posted by: Rona Fried (Page 1260)

Cap-and-Trade System Favored, But Polluters Must Pay

Capping emissions and making polluters pay for putting global warming emissions into the atmosphere is the most economically efficient and fair approach to cutting global warming pollution nationwide, according to a report by the U.S. Public Interest Research Group (U.S. PIRG). “Cleaner, Cheaper, Smarter: The Case for Auctioning Pollution Allowances in a Global Warming Cap-and-Trade Program” recommends that the United States and any state or region contemplating a cap-and-trade program sell 100 percent of pollution permits ­ called “allowances” ­ at an auction as opposed to giving them to emitters for free. U.S. PIRG also released a statement signed by more than 100 organizations and individuals, including former Labor Secretary Robert Reich, the Consumer Federation of America, MoveOn.org, and OXFAM, calling for a 100 percent auction. “Giving away pollution allowances absolves polluters of their responsibility and even provides some polluters with a new opportunity to profit,” said Tony Dutzik, Senior Policy Analyst for the Frontier Group and an author of the report. “Auctioning allowances, on the other hand, ensures that all polluters pay based on the amount of pollution they release.” The report recommends that revenues from the auction be used to: Support clean energy technological development, including research and […]

Read More

Live the Good Life in a Green Mansion

URL: http://money.cnn.com/2007/08/30/lifestyle/green_mansions/index.htm?postversion=2007091414 Website: http://money.cnn.com/2007/08/30/lifestyle/green_mansions/index.htm?postversion=2007091414     

Read More