Til now, I did not think that the US government was seriously considering a carbon cap-and-trade system for individuals. I had heard about a presentation by RSA (British Royal Society for the Encouragement of the Arts) to the National Press Club back in November, and that RSA is planning to run a simulation at the Democratic National Convention this summer. But I have not seen an indication that the Federal Government might seriously be considering carbon caps for households until I saw this quote by way of Common Tragedies from the Congressional Budget Office Director’s Blog about the giveaway of emissions credits to corporations under Lieberman-Warner:
The allowances would trade in a liquid secondary market since firms or households could buy and sell them, and thus they would be similar to cash.One of the things I have been hoping to learn from voluntary cap-and-trade at the individual level is how well the idea actually works in practice. I have a feeling that a system like this would be wrought with complexity. But on the other hand, at some point it may be necessary. Either way, Carbon Reduction Action Groups will test out the concept first.
1 comments:
Social collaboration, ala the CRAG model, seems to work a bit better than competion between households. But perhaps it is just more economic to do it this way without a price on carbon emissions. Once we have a clear price signal accepted throughout our economy, things may look a little different.
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