The image above shows Al Gore on a two trillion dollar bill, he is holding a wrench and a compact florescent light bulb. the text says “Corporate Giveaways! Carbon Ponzi Schemes! FALSE SOLUTIONS!”What is this? A creation of right wing "deniers" perhaps? No it is not.
It is part of a campaign by what Grist calls "far left" groups to point out that the cap and trade legislation being considered by the U.S. Congress is a sham. These "far left" groups are environmental organizations that count among their supporters NASA's James Hansen. Here is what the Center for American Progress's head of climate strategy Daniel Weiss says about these "far left" groups:
“It’s troubling. No one believes that the clean energy bill that will come out of Congress will address the threat of global warming in a single step. But we have to start. The real enemies are Big Oil and Big Coal and the right wing attack machine. For them to mock [Gore] in the way they did shows that they don’t understand you need to attack your enemies and not your allies.”Weiss does not seem to realize that for these groups CAP and Gore are the enemy, hence the campaign against them. Weiss says of Hansen's role in particular:
“If they hear from such a respected scientist as James Hansen that what Congress is doing won’t matter, then why would they bother to call their senators to say ‘Act on this’?”Why indeed? Weiss did not address whether Hansen's critique of the legislation is on target or not.
An irony here is that not so long ago CAP was in the same camp as these "far left" groups. Here is what CAP's Joe Romm wrote last January about the framework for the Waxman-Markey/Kerry-Boxer bills (emphasis in original):
. . . this proposal would be wholly inadequate as a final piece of legislation. As a starting point it is unilateral disarmament to the conservative politicians and big fossil fuel companies who will be working hard to gut any bill. . . Shame on my NRDC and EDF and WRI friends for signing on to such nonsense. . . [The] plan would call for a reduction of 1.0 to 1.4 billion tons of U.S. GHGs in 2020, while allowing 2 billion or more tons of offsets, at least half of which don’t even have to be in this country. When would US carbon dioxide emissions see serious reductions under this plan? Who knows?So I suppose that we can conclude that CAP's new-found love of the Waxman-Markey approach can be characterized as a move to the right, leaving behind those "far left" groups?
No serious environmental group — no person or group serious about keeping total global warming as close as possible to 2°C, no one who endorses a target of 450 ppm or lower, should endorse a final climate bill with more than, say, 5% very high quality offsets allowed. . .
This proposal is a dead end — and an even deader starting point. Shame on NRDC, EDF, and WRI for backing it.
As we have seen in the defections from the U.S. Chamber of Commerce of a number of businesses opposed to their anti-action agenda, cap and trade is tearing at the seams of the environmental community as well. With luck, all of this realignment will lead to a fresh approach to climate policy. One can only wish.
H/T Keith Kloor
10 comments:
Sounds like it's time for Joe Romm to flip again.
I thought the Grist article revealed something about Grist too:
http://www.collide-a-scape.com/2009/10/02/the-radical-green-makeover/
POSTED BY ROGER PIELKE, JR. AT 10/02/2009 05:26:00 PM
“I wonder if the bill could get bad enough that major environmental groups drop their support. They've come this far, so I doubt it. “
Roger, do you still doubt it now three days later?
James Hansen is against the cap and trade bill. Marc Morano is against the cap and trade bill. That has both extremes of the debate opposed to Kerry and Boxer.
The politicians wanting a more free economy and smaller government are against the cap and trade bill. Only members of the political class wanting the side “benefits” of the bill are for it.
This will not end well.
Cap and Trade is indeed a virtual ponzi scheme just like mortgage backed securities and the dearly departed Lehman Brothers. Perpertrated by exactly the same people.
Could Cap and Trade Cause Another Market Meltdown?
You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.
http://www.motherjones.com/politics/2009/06/could-cap-and-trade-cause-another-market-meltdown?page=1
EDF is mentioned in the article. It is a corporate environmental pressure group with a $100 million budget controlled and funded by the finance industry.
http://www.edf.org/page.cfm?tagID=365
http://edf.org/documents/8857_AR08_Financial_Comment.pdf
-2-Keith
I have belated added a hat tip to your site, which I forgot to do when first posted, as I fist saw the Grist article linked on your blog. Sorry for the oversight!
Dr. Pielke,
Related to the insane hubris of thinking we can micromanage climate change through CO2 regulation is my latest debunking of the media hysteria over Arctic temperature trends (a corollary to my recent debunking of Greenland ice sheet hysteria).
For quite awhile now, it has been apparent that both sides of the issue don't support cap and trade legislation being proposed in Congress. It is unfathomable as to why certain members of the Senate are still trying to push a bill which is so obviously flawed. Write to Congress and voice your opposition to cap and trade at http://tiny.cc/pxIgi.
Concerned you say:
“It is unfathomable as to why certain members of the Senate are still trying to push a bill which is so obviously flawed.”
If the intended purpose of the bill is to control the climate then of course it’s obviously flawed. However; for Senators Kerry and Boxer to continue to support the bill it’s fair to assume that the actual intended purpose is concealed in the 801 pages.
Please download and scan the draft of the bill; several motives other than control of CO2 will jump off the screen and bring enlightenment.
Big government will always be in bed with big business. Its all about the money. Cap and trade is going to benefit large businesses compared to small busineses. And people realize this, they want actual legislation that will outlaw pollution, not pay to pollute which cap and trade is. The sad part is.. both options are flawed. We need innovation and a free market to reduce pollution.. Anyone ever stop and think why nuclear energy isn't being taken seriously? Because it doesn't benefit the oil and coal industry. They are in the pocketbooks of both political parties!
It is not just Big Oil and Big Coal. There is also a problem with little electricity. China has that problem. India has it. And Africa certainly has it.
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