By Larry Braden | Thursday, July 22nd, 2010 at 6:01 pm
Government plans to manage the energy market will create more bureaucracy and fraud.
We know from geological history that the globe goes through warming and cooling cycles. Even if only because of Hollywood, and not from our dumbed-down educational system, most people are familiar with the term “Ice Age.” And those massive temperature variations and earth changes took place for eons before man appeared on the scene to contribute to “greenhouse gases.”
Even some of those who believe in the increasingly discredited theories of man-made “global warming” recognize the problems wuth government solutions. Michelle Chan, Senior Policy Analyst at the San Francisco-based advocacy group Friends of the Earth wrote in Ten Ways to Game the Carbon Market:
Remember how Wall Street traders crashed the economy in 2008 with their gambling on complex mortgage securities, and with “dark market” derivatives? Well, the mortgage bubble may have burst, but the creation of carbon markets — one approach for reducing harmful greenhouse gas pollution
– could create a whole new Wall Street casino. The U.S. needs to dramatically
reduce pollution to solve the climate crisis, but are carbon markets really the best way?
Carbon trading systems are complex, and the more complex they
are, the easier they are to manipulate.
Massive levels of corporate lobbying on climate change have produced convoluted cap-and-trade proposals that are filled with giveaways and concessions to various industries. The larger and more complex the carbon trading system is, the more difficult it will be to regulate and the easier it will be to game….
Her paper goes on to suggest ten strategies for gaming the system. Unfortunately, her solution would probably be even more complex government regulation, leading to more taxes and more government employees. But her initial analysis is worth reading.
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Filed under: Energy, Environment|
Tags: bureaucracy, carbon footprint, Energy, Environment, Friends of the Earth, Global Warming, government, greenhouse gases, ice age, Michelle Chan