05-13-2008, 04:55 PM
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Machiavelli Incarnate
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Join Date: Jul 2007
Location: Merrimack, NH
Posts: 3,184
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McCain is trying to get to the left of Obama:
Quote:
We will cap emissions according to specific goals, measuring progress by reference to past carbon emissions. By the year 2012, we will seek a return to 2005 levels of emission, by 2020, a return to 1990 levels, and so on until we have achieved at least a reduction of sixty percent below 1990 levels by the year 2050.
....As part of my cap-and-trade incentives, I will also propose to include the purchase of offsets from those outside the scope of the trading system....Through the sale of offsets — and with strict standards to assure that reductions are real — our agricultural sector alone can provide as much as forty percent of the overall reductions we will require in greenhouse gas emissions....Over time, an increasing fraction of permits for emissions could be supplied by auction, yielding federal revenues that can be put to good use.
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-- McCain in a speech yesterday |