Fred Krupp has been named one of U.S. News and World Report’s “America Best Leaders for 2007”. Fred Krupp is president of Environmental Defense, one of the sponsors of this blog. More notable is what Krupp is praised for:
The signature achievement of Krupp’s philosophy came out of amendments to the Clean Air Act in the George H. W. Bush administration. While other groups pushed for rigid restrictions on sulfur dioxide, an agent of acid rain, Krupp argued for a unique cap-and-trade system that would permit utilities to swap pollution credits to help bring down their emissions as an aggregate. Utilities that found ways to reduce emissions could sell their credits, at a hefty price, to dirtier plants. Utilities favored the idea, which meant that among the green community, “Fred was taking some serious risks,” recalls William Reilly, Bush’s EPA chief. Reilly made the deal in return for Environmental Defense’s support of the legislation. “That helped us in Congress and in the eyes of the public,” Reilly says. The plan achieved reductions at one-tenth the estimated cost.
Cap-and-trade. Market based solutions, not government subsidies. It is our mantra here at Terra Rossa. Check out the Cap.Trade.Grow. video for more on cap-and-trade and join the conversation.
This entry was posted on Thursday, November 15th, 2007 at 2:56 pm and is filed under Cap and Trade, 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.
