The latest culture as recommended by our staff

Liz Anderson

Liz Suggests


Jobs at Telegraph

Cap and Trade or Carbon Tax?

Thursday, 22nd May 2008

No, don't worry, I'm not about to launch in to a technical discussion of one or the other. Let's just point out that cap and trade involves more bureaucracy, more opportunities for fixing the system to favour specific interests.

As, indeed, we see in the Kyoto Protocol's clean development mechanism:

Any type of technology other than nuclear power can apply for credits. Even new coal plants, if these can be shown to be even a marginal improvement upon existing plants, can receive offset income. A massive 4,000MW coal plant on the coast of Gujarat, India, is expected soon to apply for CERs. The plant will spew into the atmosphere 26m tonnes of CO2 per year for at least 25 years. It will be India's third - and the world's 16th - largest source of CO2 emissions.

Low carbon nuclear cannot apply? WTF? I mean, seriously, WTFF?

   Previous Back to Trading Floor   Next 

Blogs: Martin Bright | Clive Davis | Alex Massie Melanie Phillips | Americano | Coffee House | Faith Based

Actions: Print this article   |   Email to a friend   |   Permalink   |   Comment

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately

Weekly update
Spectator recommends

Spectator classifieds

BIG SAND STEEL BAND

IF YOU ARE PLANNING A CHAMPAGNE RECEPTION and looking for some light entertainment, you can now hire London's busiest steel

BOSC LEBAT, Tarn et Garonne.

BOSC LEBAT, SW France. Only 45 minutes from Toulouse Airport with daily flights from most provincial airports avoiding the horrors

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique