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Climate, trade, Obama
Paul Krugman — I think the president has this wrong : President Obama on Sunday praised the energy bill passed by the House late last week as an “extraordinary first step,” but he spoke out against a provision that would impose trade penalties on countries that do not accept limits on global warming pollution. And I also think the report gives a false impression of what this is about, making it seem as if it’s nothing but dirty politics: The House bill contains a provision, inserted in the middle of the night before the vote Friday, that requires the president, starting in 2020, to impose a ...

DrumBeat: June 29, 2009
The Oil Drum - Discussions about Energy and Our Future — ... on June 26 would set up a “cap-and-trade” market for greenhouse gases that cushions the cost for power producers, manufacturers and farmers while limiting aid to oil companies. The bill, which creates a market for carbon dioxide permits potentially worth more than $100 billion a year by 2020, regulates the way the allowances could be traded to guard against speculation with derivatives that lawmakers say might drive up the prices of electricity and gasoline. Obama Opposes Trade Sanctions in Climate Bill WASHINGTON — President Obama on ...

DrumBeat: June 29, 2009
The Oil Drum - Discussions about Energy and Our Future — ... on June 26 would set up a “cap-and-trade” market for greenhouse gases that cushions the cost for power producers, manufacturers and farmers while limiting aid to oil companies. The bill, which creates a market for carbon dioxide permits potentially worth more than $100 billion a year by 2020, regulates the way the allowances could be traded to guard against speculation with derivatives that lawmakers say might drive up the prices of electricity and gasoline. Obama Opposes Trade Sanctions in Climate Bill WASHINGTON — President Obama on ...

Climate Change Legislation and Protectionism
Economist's View — ... should be no such attempts if a cap-and-trade system is introduced. If an international agreement to impose a cap-and-trade scheme is adopted in Copenhagen, the countries there should agree as well that there will be no attempt to introduce offsetting tariffs that would ultimately threaten our global system of free trade. Paul Krugman on what to do if other countries refuse to participate: Climate, trade, Obama, by Paul Krugman: I think the president has this wrong: President Obama on Sunday praised the energy bill passed by ...