Post by: 280plus on September 21, 2008, 01:36:48 PM
http://www.wtnh.com/global/story.asp?s=9047526
Posted September 21, 2008
5:22 PM
Albany, N.Y. (AP) -- Connecticut and nine other northeastern states this week will take steps to check global warming by conducting the nation's first carbon auction.
Environmental groups, energy producers, and government leaders will be watching closely as the Regional Greenhouse Gas Initiative sells carbon credits in the first of a series of quarterly online auctions. The cap-and-trade greenhouse gas reduction program, which aims to hold carbon dioxide emissions steady through 2014 and then gradually reduce them, is widely viewed as a model for future programs around the globe.
The approach is patterned after the acid rain-reducing program targeting sulfur dioxide that began with a New York law in 1984 and was expanded nationally with amendments to the Clean Air Act in 1990.
RGGI caps the total amount of carbon that power plants in the 10-state region can pump out of their smokestacks at the current level -- 188 million tons. Electric power generators must pay for allowances covering the amount of carbon they emit and RGGI will provide a market-based auction and trading system where the generators can buy, sell and trade the emissions allowances.
The initiative aims to gradually reduce carbon going into the atmosphere by lowering the cap in several steps, until it is 10 percent below the current level in 2018. During that 10-year span, businesses will have to reduce their emissions. Those that can't, because of cost or technical hurdles, can buy allowances from companies that have achieved cleaner emissions.
Post by: HankB on September 21, 2008, 01:39:17 PM
Post by: Modifiedbrowning on September 21, 2008, 03:32:34 PM
Quote
Regional Greenhouse Gas Initiative
and why should I care? Is this a government entity or a private group promoting a Ponzi scheme?
Post by: grislyatoms on September 21, 2008, 04:32:20 PM
Who the hell is
Quote
Regional Greenhouse Gas Initiative
and why should I care? Is this a government entity or a private group promoting a Ponzi scheme?Shame, shame. Where else will the funding come from to plant a few token trees in the middle of nowhere?
Post by: Mabs2 on September 21, 2008, 04:36:33 PM
All you can do is write up a paper for the person saying they own it.
Anyway, I now have billions of "carbons" to auction off.
Any takers?
Post by: 280plus on September 21, 2008, 04:49:11 PM
Post by: Bigjake on September 21, 2008, 05:08:44 PM
Post by: Desertdog on September 21, 2008, 08:00:56 PM
An oil ompany was pumping CO2 removed from the methane back into the area where it was removed from.
Post by: MrRezister on September 22, 2008, 04:22:45 AM
Post by: freedom lover on September 22, 2008, 11:49:15 AM
Edit: Never mind. I think I got the joke.
Post by: Manedwolf on September 22, 2008, 11:57:08 AM
Post by: Perd Hapley on September 22, 2008, 12:08:29 PM
Post by: 280plus on September 22, 2008, 02:58:18 PM
That's a good idea, but there should also be a tractor pull and barbecue across the street.
Why stop there? 
Post by: RocketMan on September 22, 2008, 03:48:39 PM
Post by: Bigjake on September 22, 2008, 04:56:08 PM
I'd pay good money to attend an event including this across the street from their little scheme fest.
Post by: Crosshair on September 22, 2008, 06:36:40 PM
That's a good idea, but there should also be a tractor pull and barbecue across the street.
Years ago I saw a guy that had a tractor with two V8 engines on it. He couldn't compete in the "unlimited class" because the one limit they had was "one engine only." Darn thing could have towed the sled as far as he wanted. Straight pipes too. Darn thing looked like a flamethrower when he hit the gas.
Post by: Perd Hapley on September 23, 2008, 08:40:04 AM
Post by: MrRezister on September 23, 2008, 12:19:16 PM