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EPA Studies Own Carbon-Trading System

From Bloomberg:

EPA Studying Own Carbon-Trading System, Official Says

By Simon Lomax

March 15 (Bloomberg) – The Obama administration is considering a carbon-trading system under existing law if Congress doesn’t pass cap-and-trade legislation that allows companies to buy and sell the right to pollute, a U.S. Environmental Protection Agency official said today.

The existing Clean Air Act “could enable us to include emissions trading” within agency regulations aimed at reducing carbon dioxide and other gases that scientists have linked to climate change, Anna Marie Wood, a senior policy analyst at the EPA, said at an event in Washington hosted by the American Bar Association.

“We’re considering all that right now and thinking about what might make sense,” Wood said. While the agency “strongly prefers” that Congress pass new laws dealing with greenhouse gases, “we think that there’s a lot of progress that can be made using certain tools under the Clean Air Act.”

The budget request showed the EPA’s interest in carbon trading under existing law and there are “continuing signals from the agency that they’re looking at this and evaluating this internally,” Allan Bedwell, a vice president at CantorCO2e, the emission markets unit of Cantor Fitzgerald LP, said in a telephone interview.

If Congress doesn’t pass a cap-and-trade bill this year, it’s likely that the EPA will try “any way it can to reduce emissions in a cost-effective way” using the existing Clean Air Act, Bedwell said.

“Emissions trading is one of the most cost-effective approaches,” Bedwell said…

Hey, maybe the EPA should just ‘deem’ cap and trade passed.

Why not?

This article was posted by Steve on Wednesday, March 17th, 2010. Comments are currently closed.

4 Responses to “EPA Studies Own Carbon-Trading System”

  1. Right of the People says:

    “If Congress doesn’t pass a cap-and-trade bill this year, it’s likely that the EPA will try “any way it can to reduce emissions in a cost-effective way” using the existing Clean Air Act, Bedwell said.”

    Cost effective for who? Certainly not We the People.

  2. Reality Bytes says:

    Wait a minute! These guys are nuthin more than carbon credit SPECULATORS! And they’re doing it with our, our kids & their kids, etc tax money.

    This ponzi scheme is not sustainable. Meanwhile the connected (sorry – diplomatic core), are becoming billionaires under the radar. The carbon credit bubble will make housing & the dotcom busts look puny in comparison.

    • tranquil.night says:

      Nevermind too that Denmark’s own Carbon Credit Market was being exposed for the scam it was right smack in the middle of ClimateGate and the Dopenhagen disaster. http://www.cphpost.dk/news/national/88-national/47643-denmark-rife-with-co2-fraud.html

      There’s already a lot of money betting on the creation of an American system. There’s already a green tech bubble waiting to pop UNLESS this happens and those government mandated offset contracts start flowin in. Add that possibility to the already realistic crises of debt, stagflation, state solubility issues, the Euro problem, and then China’s currency/treasuries games too and I don’t know how the dollar and thus the world’s financial system gets off this bridge rigged to blow.

  3. Reality Bytes says:

    As an American Furniture Manufacturer, RB, Inc. proudly states its Green Statement “Wood. It Actually Does Grow on Trees”


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