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June 04, 2008

This Weeks CAP & TRADE Debate

The measure, as proposed, would reduce American production of climate-altering gases by nearly 70 percent from current levels by 2050. It would provide billions of dollars in subsidies for energy conservation and environmentally clean technologies, creating millions of jobs, proponents say.

The sale of the permits would raise more than $5 trillion for the government in the coming decades, money that the bill proposes to distribute to affected industries, consumers and local governments in one of the biggest programs of redistribution of American wealth in history. The bill’s proponents say the money would help pay for a technological leap that would create millions of new jobs while cleaning the atmosphere.

Emissions_by_state_2

The measure, as proposed, would reduce American production of climate-altering gases by nearly 70 percent from current levels by 2050. It would provide billions of dollars in subsidies for energy conservation and environmentally clean technologies, creating millions of jobs, proponents say.

The sale of the permits would raise more than $5 trillion for the government in the coming decades, money that the bill proposes to distribute to affected industries, consumers and local governments in one of the biggest programs of redistribution of American wealth in history. The bill’s proponents say the money would help pay for a technological leap that would create millions of new jobs while cleaning the atmosphere.

June 4, 2008 in Current Affairs | Permalink | Comments (1) | TrackBack