Story of Cap and Trade – yes? no?


From the same woman who gave us the brilliant “The Story of Stuff” a while back, a new film that says cap-and-trade policies are destructing and not to be trusted. What do you think?

I think it’s a great explanatory piece, despite my disagreements with her policy.  It’s probably a great film to use in economics class, yes?

4 Responses to Story of Cap and Trade – yes? no?

  1. Paul's avatar Paul says:

    Ed,

    On your first point, I’ll admit basing my opinion on pessimistic views. Energy companies have the lobbying influence to water down the cap and trade legislation. Also, where I live, most people very rarely observe the smokestacks of the coal powered plant supplying their electricity. As long their lights and air conditioning work they like it like that, and will probably fight the “ugly” intrusion of solar panels and wind turbines upon our landscape.

    Second point – excellent idea! Ensuring carbon emitters are contributing to the deployment of renewable sources even if they are not directly doing it themselves should be a cornerstone of cap and trade.

    Concerning the Massachusetts Senate race… A lot of talk of Scott Brown flip-flopping on the climate issue. I don’t know what this means for cap and trade.

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  2. Ed Darrell's avatar Ed Darrell says:

    My fear is that cap and trade at its best will simply slow the emission of CO2 while inhibiting the development of competing energy sources. In the long run the same amount of greenhouse gases will be released with nearly the same devastating effects.

    How would cap-and-trade inhibit the development of competing energy?

    You do raise an interesting question: Could a wind-power company get credits for the carbon it doesn’t emit, and sell those credits for profit? That would only seem fair.

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  3. Paul's avatar Paul says:

    I think the problem we are facing here is that for the transition from unsustainable and nonrenewable energy to sustainable and renewable energy to work we need not just new technology but also a drastic change in the markets. The current infrastructure is an oligopoly which will fight, probably at any cost, to maintain its share of wealth and power. Any honest investment in renewable energy will probably result in a large redistribution of wealth from the few to the many. Therefore, cap and trade will probably be manipulated to maintain the status quo while giving appearances of environmental consciousness.

    My fear is that cap and trade at its best will simply slow the emission of CO2 while inhibiting the development of competing energy sources. In the long run the same amount of greenhouse gases will be released with nearly the same devastating effects. Everyday our ability to adapt and deal with global warming grows exponentially more difficult. Everyday it becomes easier to accept that it may be already too late to stop our collapse.

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  4. Bryan's avatar Bryan says:

    Annie Leonard’s video generated a lot of discussion in the “green” blogs few months back. Personally, I like her video and don’t see it as biased or uninformed. A little searching will turn up some posts. This one on Terrpass was good:

    http://www.terrapass.com/blog/posts/why-does-annie-leonard-hate-the-environment

    Terrapass sells carbon credits, so their own bias shows in the critique.

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