The White House today released its Statement of Administration Principle on S. 3036, the Lieberman-Warner emissions legislation. The basic argument is laid out as a right-way versus wrong-way approach toward fighting the possibility of global warming.
The right way is:
• to set realistic goals for reducing emissions consistent with advances in technology, while increasing our energy security and ensuring growth in our economy;
• to adopt policies that spur investment in new technologies needed to reduce greenhouse gas (GHG) emissions without unreasonable burdens on consumers and workers;
• to expand emission-free nuclear power generation and encourage the investments
necessary to produce electricity from coal without releasing carbon into the air;
• to ensure that all major economies are bound to take action and to work cooperatively with our partners for a fair and effective international climate agreement;
• to lower trade barriers and create a global free market for clean energy technologies, making advanced technology more affordable and available in the developing world; and
• to prevent the misapplication of other environmental laws, such as the Clean Air Act, the Endangered Species Act and the National Environmental Policy Act, not designed to address greenhouse gases as part of any new GHG specific framework.
The wrong way, as reflected by S. 3036 and the Boxer Amendment, is:
• to sharply raise the price of gas, raise taxes, or demand drastic emissions cuts that have no chance of being realized and every chance of hurting our economy;
• to impose burdensome new mandates on top of ones that were enacted just last year;
• to leave limitations on nuclear power generation and waste disposal unaddressed;
• to establish unrealistic timeframes for massively restructuring the economy that assume the use of technologies not yet developed or demonstrated to be economically feasible;
• to create a system that will squeeze household income, cost many jobs, reduce growth in the economy, impose a huge new tax, and create uncontrolled spending;
• to take unilateral action that will undercut efforts to get developing countries to limit their emissions while having negligible effect on GHG concentrations and global temperatures;
• to impose counterproductive provisions that could ignite a carbon-based trade war; and
• to allow the misapplication of a patchwork of 30-year-old laws that were not designed to regulate greenhouse gas emissions.
If you haven’t had a chance “>to read S. 3036, it’s worth a look. It’s a nightmarish amalgem of new government agencies, regulatory powers exercised in full authority, charges, allocations, distributions and dispensations.
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