ENVIRONMENT and "CAP AND TRADE"
1,427-page Cap and Trade | Waxman-Markey bill | American Clean Energy and Security Act of 2009
As your congressman I’m all for protecting the environment. Except when government policies, misguided bureaucrats and special interests have artificially inflated energy prices and placing unnecessary burdens on families already struggling to pay higher fuel prices to get to work and heat their homes.
“Cap and Trade” is one of those policies I don’t agree with!
Cap-and-trade, the government would set a limit or “cap” on the amount of greenhouse gases that a company could emit. A firm would be required to have an “emissions permit” for every ton of carbon dioxide it released into the atmosphere. Companies that reduce their emissions below the cap can sell their excess allowance to companies that are notable to make reductions. CNSNews.com Thursday, April 16, 2009
Democrats did not introduce the bill in the Energy and Environment Subcommittee, where the concerns of industrial state Democrats would have been heard in public. Instead, Democratic leaders Waxman and Rep. Ed Markey (D-Mass.), chairman of the House Subcommittee on Energy and Environment and the Select Committee on Energy Independence and Global Warming, decided to work behind closed doors. CNSNews.com May 19, 2009
Robert Greenstein, executive director of the Center on Budget and Policy Priorities told CNSNews.com that cap-and-trade is “supposed to” increase energy prices, and that skyrocketing electricity bills will, in turn, drive consumers to alternative forms of energy. CNSNews.com Thursday, April 16, 2009
“The purpose of the cap, the way it works, is that you are capping fossil fuel energy--you’re limiting the supply to a lower level than would other wise be used, Demand then has to fall to meet that level of supply at the cap level and demand falls by virtue of prices rising--this is basic economics,” said Robert Greenstein. CNSNews.com Thursday, April 16, 2009
Robert Greenstein said a 15 percent reduction in emissions would increase the average energy cost on a household with income around $15,000 by about $750 per household, he said. CNSNews.com Thursday, April 16, 2009
Ed Markey (D-Mass.) said, “We will create jobs by the millions, save money by the billions, and unleash energy investment by the trillions.” CNSNews.com Tuesday, March 31, 2009
Rep. Markey has compared new energy costs to a postage stamp per day. Investors Business Daily May 27, 2009
November 22, 2009 Boston Globe reported Alternative Fuels are not Boosting the State Economy. The New England Economic Partnership said, alternative energy is unlikely to become a driver of the Massachusetts and New England economy at least for the next several years.
The technologies aimed at replacing fossil fuels and reducing pollution, accounts for only 0.7 percent of the jobs in both Massachusetts and New England. Ross Gittell, a University of New Hampshire professor and forecaster for the partnership said “The green economy can’t be relied on as the next single growth engine for our region.”
The Waxman-Markey bill intended to combat global warming that passed the U.S. House of Representatives in June would decrease the Gross Domestic Product of the United States by $2 trillion to $3 trillion between 2012 and 2030. CNSNews.com Friday, August 14, 2009
National Association of Manufacturers (NAM) Executive Vice President Jay Timmons said “By 2030 U.S. industrial output level will drop between 5.3 and 6.5 percent, and in turn, this will cost between 1.8 and 2.4 million jobs” CNSNews.com Friday, August 14, 2009
“According to the economic literature and economists we interviewed, regardless of the mechanisms for distributing allowances, consumers will bear most of the cost of cap-and-trade system because most regulated entities will pass along their increased costs in the form of increased prices,” said a report released by the Government Accountability Office(GAO) in July. CNSNews.com Tuesday, August 18, 2009
James Taylor, senior fellow for environment policy at the Heartland Institute, a free market think tank said “What it really boils down to is any time government rations a good and creates artificial markets and artificial restrictions on it, the economy as a whole is going to suffer, no matter how you try to game that system,” he said “in this case, all of the economic pain associated with carbon restrictions, with or without cap-and-trade mechanisms, will accomplish no environmental benefit in the real world, but will come with substantial economic costs.” CNSNews.com Tuesday, August 18, 2009
The Effect of the Waxman–Markey bill on the Massachusetts’ economy from 2012–2035:
- Lower gross state product by $8,043 million - $13.54 billion by 2035,
- Reduce personal income by $3,207 million,
- Destroy 21,810 jobs - 45,298 by 2035,
- Raise electricity prices by $556.25 per household - $1,078.38 by 2035,
- Raise gasoline prices by $0.66 per gallon - $1.35 per gallon by 2035.
- Source: Heritage Foundation calculations based on the IHS/Global Insight U.S. Macroeconomic and Energy models. The Heritage Foundation No. 2585-MA August 19, 2009
Cap-and-trade will lead to increases in the price of electricity and energy. One guest at the summit, Dr. Gabriel Calzada, an economics professor at Universidad Rey Juan Carlos in Madrid, told reporters about the detrimental effects that the “cap-and-tax” program has had in Spain, where energy costs went up drastically. CNSNews.com Wednesday, May 06, 2009
“We needed to increase the price of energy by 31 percent,” Dr. Gabriel Calzada, an economics professor at Universidad Rey Juan Carlos in Madrid said. “It has cost billions.” CNSNews.com Wednesday, May 06, 2009
Dr. Gabriel Calzada also said, that for each new “green” job supposedly created by cap-and-trade, 2.2 jobs in Spain were lost. CNSNews.com Wednesday, May 06, 2009
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