Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
What do you think of Cantwell's alternative to Waxman-Markey?
Sen. Maria Cantwell has proposed a simpler alternative (called CLEAR) to the Waxman-Markey cap-and-trade bill (called ACES). Key points:
1. Carbon is emission is capped at the source point rather than the use point: mines, wellheads, and shipping terminals. Thus only a few thousand control points rather than hundreds of thousands.
2. All producers must buy credits, no producer exempt. (Under ACES, as much as 85% exempt.)
3. Seventy five percent of revenues generated returned to legal US residents on a per-capita basis, to offset electric rate hikes.
4. Equivalent tax on carbon-produced imports from countries that do not have a similar system. Import tax eliminated when a country adopts a similar system.
CLEAR is 32 pages long, compared to 1427 pages for ACES.
Your opinions?
4 Answers
- Dana1981Lv 71 decade agoFavorite Answer
Well, it's obviously a much simpler proposal, which is good. Fewer opportunities for loopholes and more transparency. I like the fact that ACES utilizes a lot of the funds for investment in efficiency programs, renewable energy, alternative fuel vehicle R&D, etc. While retuning most of the money directly to consumers is simpler, it doesn't help them become more energy efficient the way the ACES provisions do.
A combination of the two bills would be nice, making ACES simpler but preserving the provisions which fund green energy programs.
- Author UnknownLv 61 decade ago
I'm not quite sure how you would cap it at the source point. Let's face facts, what Cantwell is proposing is in fact a carbon tax. It's called a cap and trade but this is not that simple.
Is it a good idea? Well actually it doesn't sound too bad, but I would have to sit down a nd read the entire document to get a real handle on what is being proposed. I have always been in favour of a carbon tax, especially if it offers offsets for the consumer. A program like this encourages innovation without doing damage to the consumer.
