Whatever your opinion on the health care debate, i think you’ll agree, that it’s pushed most other public policy issues off the table. The fight against global warming is no longer a top priority.  In fact any legislation bringing in a carbon cap, doesn’t charge the largest emitters for their carbon credits and it sets the levels much higher than science suggests they need to be to stop and turn back Global Warming.  I personally think that if this is the sort of “carbon cap and trade” system that comes about, it will have little or no impact on the way most Americans live.  With or without cap and trade, it’s time to put a carbon tax on gasoline and other non-renewable fuels. What is needed now is a consumer movement toward greener products and adding a tax to gasoline, to fund green energy, via tax credits.  A movement toward renewable electricity will not only help the environment, but will also create new jobs in research, development, manufacturer, installation and maintenance of these systems

Cash for clunkers is the current raging political debate in the US.  Let’s cut away all the BS and look at what is happening: the cars being bought are on average about 10 mpg better than the clunkers (heard this on CNBC yesterday).  That means for an increase of about 40% for cars and 60% for trucks.  For a vehicle driving 20,000 miles a year, at 25mpg would use 800 gallons of fuel a year, saving about 600 gallons of fuel or 6 tons of CO2. If a car is used for 10 years (much more than average) the newer car would reduce CO2 emmissions by about 60 tons.

Yesterday, US carbon credits on the CCX traded for 40 cents, yes  $ 0.40, per ton.  So the US government is giving a $4500 rebate to protect the environment from $24 worth of CO2, about 200 times more than the market price.  So, if folks want to keep the program growing for the sake of ramping up car sales, that’s great.  Just don’t think the environmental benefit is worth the cost.