Recently, I’ve been talking about the need for some sort of national standard on carbon emissions, so that U.S. power companies and manufacturers know what rules they have to abide by in advance, rather than having to be told by judges or federal regulators after the fact.
A recent Reuters article shows that many corporate executives are thinking the same way. In this case, it is George David, Chairman of United Technologies, and John Rice, Vice Chairman of General Electric. The two men disagree on the exact mechanism for determining a price on carbon, but both think a price needs to be set. According to David, “We need to say to our world that we are going to have a cost of carbon, whether it’s cap-and-trade or a carbon tax.” And Rice said “We believe that a cap-and-trade program can provide a reliable market pricing mechanism for carbon.”
We here at Terra Rossa obviously endorse a cap-and-trade regime over a tax. But it’s clear that momentum is growing in the U.S. business community for some sort of standard in this area.
This entry was posted on Wednesday, July 30th, 2008 at 9:34 am and is filed under Cap and Trade, Eco-Business Strategies, Politics/Government, Terra Rossa . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
