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Richardson's Energy Plan1) Cap and Trade with graduated reductions so that by 2050 emissions are down to 90% 2) 50 mpg minimum on cars, get a car with 100mpg/gallon onto the road. Encouragement of a pure electric car and a hybrid which can run on either. 3) Increase renewable electricity use to 50% of energy used by 2020. Not quite sure how he's going to do this. 4) Reduce subsidies to non-green energy types. 5) Create a North American energy union to run the grid, and increase the use of natural gas from Alaska and Canada (oh?) 6) Reduce carbon emissions by 80% by 2040. Vague, though the speech does give some details. Also cap and trade, because it rewards people who are already polluting (the more you pollute the more carbon certificates you get, which are worth money) is inferior to a carbon tax. Carbon taxes also have the advantage of putting a negative externality on the books right away. Need to know more details to see how well this would work - supposedly there will be a white paper, but I don't see it up yet. It's certainly very ambitious, and that's good, the question is how feasible it really is. A lot of Bill's positions are really based on "I am very competent. If I say I can do something, I can." So, a big part of the question one has to ask oneself, is whether you believe his self-assessment of extreme competence. If you do, then he might be a very good President in a lot of respects. Ian Welsh May 17, 2007 - 4:55pm
( categories: Analysis | Environment )
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