Climate Compromise: 'We'll Be Getting Less CO2 Reduction for Our Dollar'
source: http://solveclimate.com/blog/20100315/economists-graham-kerrys-sector-specific-approach-carb...
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The climate bill being drafted by U.S. Sens. John Kerry (D-Mass.) and Lindsey Graham (R-S.C.) is widely viewed as a compromise between lawmakers bent on reducing fossil fuel emissions and those who fear such reductions will cripple the domestic energy industry.
But their approach of applying different types of carbon limits to different sectors of the industry doesn't just downplay the urgency of reducing emissions. Some economists say the sector-specific approach would be costlier to society and less efficient than an economy-wide approach that would limit emissions “upstream” from where fossil fuels enter the economy, such as at companies that supply raw energy.
In recent talks with energy industry executives and other politicians, the senators have indicated that their bill's greenhouse gas limits will likely consist of three main programs ...
http://solveclimate.com/blog/20100315/economists-graham-kerrys-sector-specific-a...
But their approach of applying different types of carbon limits to different sectors of the industry doesn't just downplay the urgency of reducing emissions. Some economists say the sector-specific approach would be costlier to society and less efficient than an economy-wide approach that would limit emissions “upstream” from where fossil fuels enter the economy, such as at companies that supply raw energy.
In recent talks with energy industry executives and other politicians, the senators have indicated that their bill's greenhouse gas limits will likely consist of three main programs ...
http://solveclimate.com/blog/20100315/economists-graham-kerrys-sector-specific-a...
