Cap and Trade

Posted: June 16, 2010 in Conspiracy, Politics

Another attempt to destroy the American economy camouflaged as an eco friendly approach to green house gas emissions was delivered by President Obama this evening in the wake of the BP oil fiasco in the Gulf of Mexico. 

Cap and trade is dangerous to any nations economy, policy being proposed by President Obama would essentially put a price on carbon dioxide emissions by auctioning off permits to emit the gas. The “cap” would work by setting a maximum amount of carbon to be emitted in the United States, and the “trade” would allow the carbon emitters to freely trade carbon permits amongst themselves. 

Spain’s attempt at an eco friendly economy caused a job loss of two to one in the green economy and the country faces bankruptcy and a potential bailout from the European Union of $650 billion dollars on this failed experiment. 

Plants use carbon dioxide during photosynthesis to make sugars, which may either be consumed in respiration or used as the raw material to produce other organic compounds needed for plant growth and development. It is emitted during respiration by Plants, and by all animals, fungi, and microorganisms that depend either directly or indirectly on plants for food. It is a major component of the carbon cycle. Carbon dioxide is generated as a by-product of the combustion of fossil fuels or the burning of vegetable matter, among other chemical processes. Amounts of carbon dioxide are emitted from volcanoes and other geothermal processes such as hot springs and geysers and by the dissolution of carbonates in crustal rocks. 

Before the advent of human-caused release of carbon dioxide to the atmosphere, concentrations tended to increase with increasing global temperatures, acting as a positive feedback for changes induced by other processes such as orbital cycles. There is a seasonal cycle in CO2 concentration associated primarily with the Northern Hemisphere growing season. 

 Volcanoes emit CO2 both on land and underwater. Underwater volcanoes emit around 66 to 97 million tonnes of CO2 per year. However, this is balanced by the carbon sink provided by newly formed ocean floor lava. Consequently, underwater volcanoes have little effect on atmospheric CO2 levels. The greater contribution comes from sub aerial volcanoes (sub aerial means “under the air”, referring to land volcanoes). Sub aerial volcanoes are estimated to emit 242 million tonnes of CO2 per year. 

Buried Volcano Discovered in Antarctica  By Dave Mosher, Live Science Staff Writer
20 January 2008:
“This eruption occurred close to Pine Island Glacier on the West Antarctic Ice Sheet,” Vaughan said. “The flow of this glacier towards the coast has speeded up in recent decades, and it may be possible that heat from the volcano has caused some of that acceleration.”

The cap and trade scheme would work much the same as the stock market with a clearinghouse profiting off industry trading carbon credits and distributing the wealth offshore. The affect on national economies as proven by Spain, would be catastrophic by limiting production in carbon producing industry “everyone”. 

This in turn would lead to massive job loss as companies invest in technology at the expense of people and industries required to purchase additional credits from countries that have little or no carbon foot print transferring wealth to countries with minimal infrastructure and suspect governments. 

Two of the world’s largest polluters and emerging super economies would be exempt from the cap and trade scheme, China and India; giving each country an advantage and changing the geopolitical position of Western societies as economies become weaker through restrictions on economic output due to provisional carbon caps. 

Western economies are currently vulnerable to cap and trade as research in technology reducing or eliminating carbon emissions is still in development, and implementation of such a scheme will seriously affect the GDP of countries involved in cap and trade.

  1. Christy says:

    How exciting! Thanks to everyone who put this together. Having a blog will be a much better way for us all to keep in touch and know wh2t#&8a17;s going on around these parts.

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