Comments on: All About Offsets

By: GreenHubs.com » All About Offsets

GreenHubs.com » All About Offsets — Mon, 18 May 2009 23:37:45 +0000

[...] All About Offsets Cross-posted from Prometheus: the Science Policy Blog [...]

By: Celebrity Paycut - Encouraging celebrities all over the world to save us from global warming by taking a paycut.

Mon, 18 May 2009 19:21:16 +0000

[...] Cross-posted from Prometheus: the Science Policy Blog [...]

By: Green Ink: Let the Climate Carping Begin - Environmental Capital - WSJ

Green Ink: Let the Climate Carping Begin - Environmental Capital - WSJ — Mon, 18 May 2009 12:41:32 +0000

[...] problem with the Waxman-Markey bill isn

By: nearwalden

nearwalden — Mon, 18 May 2009 00:07:29 +0000

Great analysis on how offsets weaken the effectiveness of WM. A further issue, which I describe at http://nearwalden.com/blog/?p=998, is that most of these offsets are international. This means that between now and 2050 somewhere between $1.7T and $2.2T (using the EPA’s numbers) are going to escape the US economy, with the decision on where those $$ go primarily lying with the large power companies.

By: Reid

Reid — Sun, 17 May 2009 21:38:41 +0000

The derivatives market worked so well for the housing industry what could go wrong? The energy market isn’t broke but the Federal government is going to fix it.

I predict both higher prices and energy shortages. Charles Munger who is Warren Buffett’s right hand man said it best, “carbon controls are monstrously stupid and almost demented”.

By: John1066

John1066 — Sun, 17 May 2009 20:06:56 +0000

“For instance the table on pp. 391 to 392 shows that other gases have weights of up to 22,800 times that of carbon dioxide.”

Since CO2 is a very weak IR absorber, it is natural that there are other gases which have much higher “effective weights.” If you think the “effective weights” in the bill are too high or too low, you present no such evidence.

By: Maurice Garoutte

Maurice Garoutte — Sun, 17 May 2009 18:02:59 +0000

It is normal, even expected, that the U.S. Congress says that it is committed one course of action, but at the same time it is spending a huge effort and political capital creating a Byzantine system of rules that will allow, even encourage, exactly the opposite to happen while enriching their friends and contributors.

Pretty much like Roger’s last sentence except from a more jaded viewpoint.