Cap-and-trade legislation

Both the United States and Australia have pending carbon cap-and-trade legislation. While not a political blog, this mechanism is intrinsically numeric in its relationship to regulating carbon, so within scope.

Personally, I don’t know if the legislation will do any good, directly or indirectly. From a perusal of the 300-page amendment introduced into the US bill in the last moment, and if past indications are a guide, it is a bureaucrats dream (aka complex policy challenge). For example, figures are set for the amount of energy to be generated by renewable energy sources, up to 20% by 2020. The new paragraph states these figures can be changed at any time. Such language gives those ‘faceless bureaucrats’ the power to make and change the rules according to their whims, in order to achieve it ‘intent’ of the legislation. If the legislation is all like that, its major achievement will be to create another source of friction in the wheels of the economy as all sorts of compliance (aka bits of paper) are created.

For a very interesting perspective, see this Rolling Stone article (also here).

Maybe – but cap-and-trade, as envisioned by Goldman, is really just a carbon tax structured so that private interests collect the revenues.

This comes via the Global Guerrillas blog by John Robb

Matt Taibbi has done it again with, “The Great American Bubble Machine.” (Rolling Stone). It’s a must read. He’s constructing a narrative for revolt.

A couple of global guerrilla themes here: incessant and morally bereft financial predation at the global level (financial tribalism?) and the emergence of hollow nation-states that serve merely as vehicles for the enrichment of these predators.

NOTE: It’s also an interesting reprise of the current carbon trading scheme — essentially, instead of responding to environmental stress with real solutions (a push to create local resiliency) we get another big rip-off that will line the pockets of global banksters.

The ‘Hollow State’ theme of his blog is a cogent explanation for why the people feel powerless to stop the global warming boondoggle, a sentiment expressed by Mark Lawson.


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