Posted: Fri Nov 23, 2007 11:25 am Post subject: FINALLY, cap and trade trashed in print.
For Mark Jaccard, Simon Fraser University's climate change expert, governments' enthusiasm for the cap-and-trade system is a bit maddening. He and other green-minded economists see it as a great growth industry for lawyers, accountants and lobbyists, but at best a clumsy, roundabout method, at best, for curbing greenhouse gases. "A carbon tax is more economically efficient," he says, since it flows into all types of buying decisions, including those by consumers.
The Environment Minister will be meeting with representatives of various industrial sectors starting in the new year, with the goal of laying out targets for each sector by the end of 2008. It's likely that different sectors will have different starting points and targets. Mr. Penner is well aware of the lobbying frenzy about to descend, as the rule book is being written, and his ministry becomes the arbiter of who wins and who loses in the new, green B.C.
Raise your hand if when you voted in the last election, you wanted the people you voted for to choose the winners and losers of industry.
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