a 17.7% increase in electricity rates is being forecasted under President Obama's Cap and Trade plan.
Cap and trade is a politically safe way to say massive global warming tax on anything that emits carbon. I prefer to call it what it is, a global warming tax. Others call at cap and tax.
Washington, DC - Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement during today's committee hearing addressing price volatility in climate change legislation. The graph below shows the state-by-state analysis of annual increases in electricity costs that would occur under a 100% auction, as President Obama has called for, to meet his target carbon emission reductions:
"As the data suggests, in almost every case, cap-and-tax increases electricity rates and causes hardships for American families. In the past, providing incentives for renewable and alternate forms of energy has worked at lowering emissions. Congress should not resort to using penalties of an unproven cap-and-tax system that only serves to put millions of Americans out of work and skyrocket the cost of electricity for American families."
How about instead of horse-whipping us all for using too much electricity, we concentrate on producing new, more efficient forms of energy production (many solutions, not just one) and continue to make improvements in conservation?
Check the geologic record. The climate has changed, and will continue to change. We need to focus on solutions, not punishment. This type of taxation plan will continue to stunt industrial growth and encourage companies to continue their exodus from the US. It will also be a very regressive tax, hitting the poor very hard.
How about investing in innovations such as these?
..."butterfly inspired collector absorbs more light than conventional dye-sensitized cells. And, the manufacturing process is easier and faster than traditional methods."
anitreflective coating - "When a silicon solar cell was treated with their anti-reflective coating, sunlight absorbance increased from 67.4% to 96.21%, demonstrating “near perfect” absorbance."
plastic solar cells - "in five to seven years, inexpensive and mass-produced plastic solar cells made by ink jet-like printers can be made available to everyone."
How about taking a closer look at this "cold fusion alike"?
MIT has been working on solar storage, developing a process that mimics photosysnthesis so they can store solar energy for use at night.
Punishing current energy producers before the new techonology is ready to go live is foolish.
Anyone who knows me knows that I am into alternative energy, but I am not ready to inflict it on a market where it does not make economic sense. Take a look at this:
Job Losses From Obama Green Stimulus Foreseen in Spanish Study
By Gianluca Baratti
March 27 (Bloomberg) -- Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain’s experience with windmills and solar farms is any guide.
For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.
U.S. President Barack Obama’s 2010 budget proposal contains about $20 billion in tax incentives for clean-energy programs. In Spain, where wind turbines provided 11 percent of power demand last year, generators earn rates as much as 11 times more for renewable energy compared with burning fossil fuels.
The premiums paid for solar, biomass, wave and wind power - - which are charged to consumers in their bills -- translated into a $774,000 cost for each Spanish “green job” created since 2000, said Gabriel Calzada, an economics professor at the university and author of the report.
“The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices,” he said in an interview.
Spain’s Acerinox SA, the nation’s largest stainless-steel producer, blamed domestic energy costs for deciding to expand in South Africa and the U.S., according to the study.
“Microsoft and Google moved their servers up to the Canadian border because they benefited from cheaper energy there,” said the professor of applied environmental economics.
"May destroy two jobs for every one created?" Are these the kind of numbers we want to generate? I know that right now with the incentives that are in place, local solar installers have a backlog of installations lined up. Why push ahead with the carbon tax? It's all about more government control, and I want no part of it.