Paul Krugman: An Affordable Salvation

Krugman, the Nobel Laureate in economics says we can afford a cap and trade policy on carbon emissions-

An Affordable Salvation by Paul Krugman. New York Times op ed

Congress is debating the climate change bill right now. Cap and trade is a market based method of controlling carbon emissions. That means “free market” conservatives will probably support it, right? Think again.

It’s amusing to see the conservative distortion of Krugman’s position. Take this right wing Idaho blog, for example, Krugman on Climate Change Costs. Right Mind.

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If climate change efforts prove too costly, it won’t be because of mechanisms like cap and trade, or my preference, pollution taxes. It will be because the no carbon energy technologies adopted prove to have too many harmful environmental or national security defects, such as building huge, remote solar farms, conected to “the grid” by long, new transmission lines.

Increasing Agreement on Carbon Taxes — Goodbye 2008 Conventional Wisdom

Huffington Post Analysis says carbon taxes work better and more feasible politically than cap-and-trade-

The argument that cap-and-trade has always had going for it was political feasibility, but maybe a revenue neutral carbon tax is more feasible. Economic theory would predict a more rapid response to a tax than to a market in pollution (or carbon release permits).

Story. By Dan Rosenblum
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~ And here is a related, new idea (to me) — personal carbon savings accounts. Green Stimulus. By Kathleen Rogers. Real Women; Real Voices.