Cap & Trade (Carbon Tax) – Part 2 – The US Goes It Alone

In the 100 years from 1900 thru 1999 the average temperature of the Earth reportedly increased by 1.0 degree Fahrenheit.

Recently, the G8 would not agree to set carbon limits or time-tables. They did, however, agree to try to limit global warming to 3.7 degrees Fahrenheit. That’s 370 years worth of warming at the 20th Century rate of increase.

Some will retort that the 21st Century rate of warming will be higher, so far though, the 21st Century rate is negative – we’ve experienced global cooling since 1998.

China and India will have nothing to do with capping carbon emissions. Developed countries embraced the Kyoto Treaty early and then failed to keep it. They never met any of its targets or timetables though they spent a lot of money trying. It’s just too expensive and too anti-growth.

Spain has lost 2.2 jobs for every “green” job created by building wind turbines. Plus, every one of those “green” wind turbine jobs cost the Spanish government $1.4 million in subsidies.

Enron’s Key Lay, since indicted and deceased, was a strong, 1990’s, proponent of “cap and trade”. He said it could "do more to promote Enron's business than almost any other regulatory initiative.”

In addition, to being a potential bonanza for the next Enron, “cap and trade” is expected to cost as many as 2.3 million American jobs by raising the cost of doing business and pushing even more manufacturing overseas.

All this to achieve a miniscule 0.07 degrees Celsius supposed reduction in the Earth’s temperature by 2050, an amount too small to verify.