http://www.terrarossa.com/toll-roads-and-technology/ Where Conservatives Consider a New Energy Future Thu, 28 Aug 2008 07:42:16 +0000 http://wordpress.org/?v=2.5.1 http://www.terrarossa.com/toll-roads-and-technology/#comment-507 Daniel Mon, 12 Mar 2007 23:45:41 +0000 http://www.terrarossa.com/?p=108#comment-507 The real question is, "in the real world, is cap and trade any better, or even, any different than command and control." There are real problems with cap and trade. The first is the cap. Caps are always set by politicians--the same guys that have forced certain technologies in the past. The second problem is that trading. There's nothing wrong with trading, the problem is defining who has the rights. The EU's carbon trading program hasn't worked well, in part because everyone keeping increasing their 1990 baselines. Now Russia is claiming it was emitting a lot more carbon in 1990, just so they can sell the credits. Corruption is no way to run a market. Is this better than command and control? The real question is, “in the real world, is cap and trade any better, or even, any different than command and control.” There are real problems with cap and trade. The first is the cap. Caps are always set by politicians–the same guys that have forced certain technologies in the past. The second problem is that trading. There’s nothing wrong with trading, the problem is defining who has the rights. The EU’s carbon trading program hasn’t worked well, in part because everyone keeping increasing their 1990 baselines. Now Russia is claiming it was emitting a lot more carbon in 1990, just so they can sell the credits. Corruption is no way to run a market. Is this better than command and control?

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