Editorial: We dodge a bullet on carbon cap-and-trade
The Bear on Jun 10 2008 at 8:26 am | Filed under: Global Warming
Senate kills a potentially disastrous bill, but possibly worse legislation could be coming
The nation avoided global warming-related devastation last week. The Senate killed a grandiose scheme to clamp down on emissions of CO2, a benign, necessary, natural atmospheric gas. However, something similar, if not worse, will be back next year.
The devastation wouldn’t have been the 1- or 2-degree temperature increases that may have occurred over the next century, which may noteven be related to CO2. The real devastation would have been gasoline prices increasing $1.40 per gallon by 2050, millions of jobs lost or shipped overseas, an effective $3,700-a-year tax on families, a 33-percent increase in home energy costs by 2020, and, says the Heritage Foundation, the equivalent economic cost of 35 Hurricane Katrinas every year for two decades.
Those would be certain results of the failed Climate Security Act’s vastly expanded government controls to extract trillions of dollars from productive companies and redistribute the money to politically favored interests, say the bill’s opponents.
What’s uncertain is whether the trouble and expense would have bought anything. Even if CO2 emissions are returned to the level of horse-and-buggy days, an increase of 0.013 degree Celsius mightbe avoided over the next century, says climatologist Patrick Michaels. That’s ifCO2 increases temperature, which many scientists doubt. So, why go down this path?
“Controlling carbon is a bureaucrat’s dream,” MIT climate scientist Richard Lindzen said. “If you control carbon, you control life.”
Global warming is the perfect big-government issue.
Read more from the OC Register
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Cap and Burn
For months, Democrats and the environmental lobby promoted last week’s Senate global-warming debate as a political watershed. It was going to be the historic turning point in U.S. climate change policy. In the event, their bill collapsed in a little more than three days.
Democrats failed to secure a majority, much less the 60 Senators necessary, for a procedural vote on Friday morning that would have allowed the real work of amending the bill to begin. By that point, Majority Leader Harry Reid had already made it plain that he wanted the bill off the floor as quickly as possible – despite calling climate change “the most critical issue of our time.” But not critical enough, apparently, even to let his Members vote on the merits, much less amendments.
The strange death of this year’s cap-and-trade movement was so unexpected that some are already predicting a shift in the politics of global warming. That’s premature. Still, the postmortem holds lessons for the next time this issue emerges.
Until last week, the Democratic M.O. on climate change was to lash the Bush Administration for its supposed inaction and then pass responsibility onto regulators and the courts. Proponents thought they had the whip hand. Yet this time they had to defend an actual piece of legislation – and once it was subjected to even preliminary scrutiny, the Democrats crumpled faster than you can say $4 gas.
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