<?xml version="1.0" encoding="UTF-8"?><!-- generator="wordpress/2.1" -->
<rss version="2.0" 
	xmlns:content="http://purl.org/rss/1.0/modules/content/">
<channel>
	<title>Comments on: IEA report, Part 2:  Climate Progress has the 450-ppm solution about right</title>
	<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/</link>
	<description>The Latest on Climate Science, Solutions, and Politics</description>
	<pubDate>Thu, 20 Nov 2008 18:32:40 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.1</generator>

	<item>
		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14254</link>
		<author>David B. Benson</author>
		<pubDate>Tue, 10 Jun 2008 20:44:35 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14254</guid>
					<description>Joe --- I gather you are not yet ready to give up on CCS?  Why not?  Many others have.</description>
		<content:encoded><![CDATA[<p>Joe &#8212; I gather you are not yet ready to give up on CCS?  Why not?  Many others have.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Joe</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14255</link>
		<author>Joe</author>
		<pubDate>Tue, 10 Jun 2008 20:48:26 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14255</guid>
					<description>David -- Same reason I don't give up on nuclear  even though it is also a high cost strategy -- the situation is too dire to abandon any potential low carbon strategy.  The funny thing is that most of us skeptics about CCS would like to make a bigger push to see if it is possible than the coal industry and Bush administration has.

Not sure how you can give up on something we haven't seriously tried yet, but I wouldn't be surprised if it didn't end up being a major part of the solution.</description>
		<content:encoded><![CDATA[<p>David &#8212; Same reason I don&#8217;t give up on nuclear  even though it is also a high cost strategy &#8212; the situation is too dire to abandon any potential low carbon strategy.  The funny thing is that most of us skeptics about CCS would like to make a bigger push to see if it is possible than the coal industry and Bush administration has.</p>
<p>Not sure how you can give up on something we haven&#8217;t seriously tried yet, but I wouldn&#8217;t be surprised if it didn&#8217;t end up being a major part of the solution.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Daniel Haran</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14256</link>
		<author>Daniel Haran</author>
		<pubDate>Tue, 10 Jun 2008 21:16:51 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14256</guid>
					<description>Best buys first? If CSP and Nukes are more expensive, what happens if we spend that money on efficiency or renewables instead?</description>
		<content:encoded><![CDATA[<p>Best buys first? If CSP and Nukes are more expensive, what happens if we spend that money on efficiency or renewables instead?</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Joe</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14257</link>
		<author>Joe</author>
		<pubDate>Tue, 10 Jun 2008 22:36:27 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14257</guid>
					<description>Best buys first for large-scale deployment.
R&#038;D is a different matter.</description>
		<content:encoded><![CDATA[<p>Best buys first for large-scale deployment.<br />
R&#038;D is a different matter.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: tidal</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14258</link>
		<author>tidal</author>
		<pubDate>Tue, 10 Jun 2008 22:41:55 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14258</guid>
					<description>Am I the only who thinks this particular IEA-wedges graphical presentation is a vast improvement to the Pacala-Socolow version? I never understood why P&#38;S flat-lined existing annual emissions from fossil fuels out 2004 to ~ 2050... since that basically articulates a plan that ultimately fails? I know that is not the intent of P&#38;S, but it just always peeved me when I saw it... This presentation more visually communicates why it has to be 13-14 wedges... not a "pick-and-choose from a vast menu to get to 7"...

Anyway, just my impression...</description>
		<content:encoded><![CDATA[<p>Am I the only who thinks this particular IEA-wedges graphical presentation is a vast improvement to the Pacala-Socolow version? I never understood why P&amp;S flat-lined existing annual emissions from fossil fuels out 2004 to ~ 2050&#8230; since that basically articulates a plan that ultimately fails? I know that is not the intent of P&amp;S, but it just always peeved me when I saw it&#8230; This presentation more visually communicates why it has to be 13-14 wedges&#8230; not a &#8220;pick-and-choose from a vast menu to get to 7&#8243;&#8230;</p>
<p>Anyway, just my impression&#8230;</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Robert</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14259</link>
		<author>Robert</author>
		<pubDate>Tue, 10 Jun 2008 23:05:57 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14259</guid>
					<description>Technical solutions exist, but that's not the point. They only seem relevant because you are not defining the problem correctly.

The problem is political. No individual country (or the world as a whole) has a political system that will allow technical solutions to be imposed. The market determines what happens and no-one controls that.

Climatologists are predicting 10 or 15 years of relatively cool temperatures before GW takes off again....

[&lt;em&gt;JR:  No climatologists have been making such predictions, as I have blogged previously.&lt;/em&gt;]</description>
		<content:encoded><![CDATA[<p>Technical solutions exist, but that&#8217;s not the point. They only seem relevant because you are not defining the problem correctly.</p>
<p>The problem is political. No individual country (or the world as a whole) has a political system that will allow technical solutions to be imposed. The market determines what happens and no-one controls that.</p>
<p>Climatologists are predicting 10 or 15 years of relatively cool temperatures before GW takes off again&#8230;.</p>
<p>[<em>JR:  No climatologists have been making such predictions, as I have blogged previously.</em>]</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14260</link>
		<author>David B. Benson</author>
		<pubDate>Tue, 10 Jun 2008 23:10:33 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14260</guid>
					<description>Robert --- Meantime the seas suffer:

Diminished ocean organisms as acidity increases:

Hall-Spencer, J. M. et al. Nature advance online publication doi:10.1038/nature07051 (2008).

http://www.nature.com/news/2008/080606/full/news.2008.8 77.html
http://news.bbc.co.uk/2/hi/science/nature/7437862.stm

and sson there will be only jellyfish to eat.  Know any receipes?</description>
		<content:encoded><![CDATA[<p>Robert &#8212; Meantime the seas suffer:</p>
<p>Diminished ocean organisms as acidity increases:</p>
<p>Hall-Spencer, J. M. et al. Nature advance online publication doi:10.1038/nature07051 (2008).</p>
<p><a href="http://www.nature.com/news/2008/080606/full/news.2008.8" rel="nofollow">http://www.nature.com/<span style="font-size: 1px;"> </span>news/<span style="font-size: 1px;"> </span>2008/<span style="font-size: 1px;"> </span>080606/<span style="font-size: 1px;"> </span>full/<span style="font-size: 1px;"> </span>news.2008.8</a> 77.html<br />
<a href="http://news.bbc.co.uk/2/hi/science/nature/7437862.stm" rel="nofollow">http://news.bbc.co.uk/<span style="font-size: 1px;"> </span>2/<span style="font-size: 1px;"> </span>hi/<span style="font-size: 1px;"> </span>science/<span style="font-size: 1px;"> </span>nature/<span style="font-size: 1px;"> </span>7437862.stm</a></p>
<p>and sson there will be only jellyfish to eat.  Know any receipes?</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14261</link>
		<author>David B. Benson</author>
		<pubDate>Tue, 10 Jun 2008 23:13:47 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14261</guid>
					<description>Joe --- An ultra-simple method is to sequester canbonaceous materials such as biochar and torrified wood.  Just bury deep in carbon landfillls or abandoned mines.  Cost is about $135 per tonne of carbon, less if done in areas (such as Africa) with low labor costs.

Could be started right now...</description>
		<content:encoded><![CDATA[<p>Joe &#8212; An ultra-simple method is to sequester canbonaceous materials such as biochar and torrified wood.  Just bury deep in carbon landfillls or abandoned mines.  Cost is about $135 per tonne of carbon, less if done in areas (such as Africa) with low labor costs.</p>
<p>Could be started right now&#8230;</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Finnjor</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14277</link>
		<author>Finnjor</author>
		<pubDate>Wed, 11 Jun 2008 04:49:17 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14277</guid>
					<description>Forgot the potential energy of the Greenland and Antarctic ice masses? 

What about the Himalayan and Andes? Mass weight 3 x ice, height as well 3 x.
Any calculations about these wedges? Must be tenfold all other wedges. Too smart to understand?</description>
		<content:encoded><![CDATA[<p>Forgot the potential energy of the Greenland and Antarctic ice masses? </p>
<p>What about the Himalayan and Andes? Mass weight 3 x ice, height as well 3 x.<br />
Any calculations about these wedges? Must be tenfold all other wedges. Too smart to understand?</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: drwoood</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14285</link>
		<author>drwoood</author>
		<pubDate>Wed, 11 Jun 2008 13:23:41 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14285</guid>
					<description>The wedges argument suggests that this much mitigation is possible. An important question is what policy measures are needed to lead to these wedges ()or similar ones) being deployed. One approach is a cap and trade scheme that is as brad as possible in coverage which reduces emissions by an amount equivalent to the wedges. All of the permits should be auctioned, and a large amount of the option should go back to people on low and middle incomes.

A tricky issue is what to do about land use, land use change and forestry emissions, and some agriculture emissions, which would be hard to measure. One approach would be a separate price based market, where clearing any land would attract a tax, and revegetation would attract a negative tax. The tax could be chosen so that it is similar to the carbon price in the cap-and-trade scheme. An advantage to this approach is that the tax could reflect other externalities associated with land use change, such as habitat benefits. This could decrease the species extinctions that would be caused by climate change.</description>
		<content:encoded><![CDATA[<p>The wedges argument suggests that this much mitigation is possible. An important question is what policy measures are needed to lead to these wedges ()or similar ones) being deployed. One approach is a cap and trade scheme that is as brad as possible in coverage which reduces emissions by an amount equivalent to the wedges. All of the permits should be auctioned, and a large amount of the option should go back to people on low and middle incomes.</p>
<p>A tricky issue is what to do about land use, land use change and forestry emissions, and some agriculture emissions, which would be hard to measure. One approach would be a separate price based market, where clearing any land would attract a tax, and revegetation would attract a negative tax. The tax could be chosen so that it is similar to the carbon price in the cap-and-trade scheme. An advantage to this approach is that the tax could reflect other externalities associated with land use change, such as habitat benefits. This could decrease the species extinctions that would be caused by climate change.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Peter Foley</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14289</link>
		<author>Peter Foley</author>
		<pubDate>Wed, 11 Jun 2008 14:21:49 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14289</guid>
					<description>David B. Benson, Did you read the whole article?  Note the PH numbers,  Atmospheric CO2 would have to go to well over 2000 ppm's to achieve the PH that causes probelms around vents.  If ocean acidification was a possibility I would support Decarboning, it isn't.
 A reverse coal mine, how ingenious.  Did you miss the lecture about reversing entropy?  If accelerated carbon sequestration is needed, manually doing it would be a criminal waste of economic resources.  

Drwood, anything that halts or slows the economic progress of the third and fourth worlds will cause more extinction events then a tiny change in the world's average temp.
If you can't measure it, it isn't a science.  you know like carbon forced climatology.</description>
		<content:encoded><![CDATA[<p>David B. Benson, Did you read the whole article?  Note the PH numbers,  Atmospheric CO2 would have to go to well over 2000 ppm&#8217;s to achieve the PH that causes probelms around vents.  If ocean acidification was a possibility I would support Decarboning, it isn&#8217;t.<br />
 A reverse coal mine, how ingenious.  Did you miss the lecture about reversing entropy?  If accelerated carbon sequestration is needed, manually doing it would be a criminal waste of economic resources.  </p>
<p>Drwood, anything that halts or slows the economic progress of the third and fourth worlds will cause more extinction events then a tiny change in the world&#8217;s average temp.<br />
If you can&#8217;t measure it, it isn&#8217;t a science.  you know like carbon forced climatology.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Daniel Haran</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14291</link>
		<author>Daniel Haran</author>
		<pubDate>Wed, 11 Jun 2008 15:03:05 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14291</guid>
					<description>Sorry, I meant CCS and Nukes- those seem too expensive to justify sinking money into them. Maybe some R&#38;D money to CCS; Nukes certainly had enough of those.

Money spent on renewables does seem well spent, as they will keep going down in price.</description>
		<content:encoded><![CDATA[<p>Sorry, I meant CCS and Nukes- those seem too expensive to justify sinking money into them. Maybe some R&amp;D money to CCS; Nukes certainly had enough of those.</p>
<p>Money spent on renewables does seem well spent, as they will keep going down in price.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Tommaso</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14298</link>
		<author>Tommaso</author>
		<pubDate>Wed, 11 Jun 2008 20:57:35 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14298</guid>
					<description>What about land management/tropical reforestation?</description>
		<content:encoded><![CDATA[<p>What about land management/tropical reforestation?</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14304</link>
		<author>David B. Benson</author>
		<pubDate>Wed, 11 Jun 2008 22:46:33 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14304</guid>
					<description>Peter Foley --- Even a little will mean fewer shellfish.

Also, we already have evidence of jellyfish blooms.  Mans there is nothing there to eat the little ones.</description>
		<content:encoded><![CDATA[<p>Peter Foley &#8212; Even a little will mean fewer shellfish.</p>
<p>Also, we already have evidence of jellyfish blooms.  Mans there is nothing there to eat the little ones.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14305</link>
		<author>David B. Benson</author>
		<pubDate>Wed, 11 Jun 2008 22:48:21 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14305</guid>
					<description>"The certainty of uncertainty"

http://www.realclimate.org/index.php/archives/2007/10/the-certainty-of-uncertainty/langswitch_lang/sw

which means that possibly even 450 ppm is too high to avoid catastrophy.  :-(</description>
		<content:encoded><![CDATA[<p>&#8220;The certainty of uncertainty&#8221;</p>
<p><a href="http://www.realclimate.org/index.php/archives/2007/10/the-certainty-of-uncertainty/langswitch_lang/sw" rel="nofollow">http://www.realclimate.org/<span style="font-size: 1px;"> </span>index.php/<span style="font-size: 1px;"> </span>archives/<span style="font-size: 1px;"> </span>2007/<span style="font-size: 1px;"> </span>10/<span style="font-size: 1px;"> </span>the-certainty-of-uncertainty/<span style="font-size: 1px;"> </span>langswitch_lang/<span style="font-size: 1px;"> </span>sw</a></p>
<p>which means that possibly even 450 ppm is too high to avoid catastrophy.  <img src='http://climateprogress.org/wp-includes/images/smilies/icon_sad.gif' alt=':-(' class='wp-smiley' /></p>
]]></content:encoded>
				</item>
	<item>
		<title>By: drwoood</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14308</link>
		<author>drwoood</author>
		<pubDate>Wed, 11 Jun 2008 23:53:14 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14308</guid>
					<description>Peter Foley - emissions from deforestation and land use change can be measured, its just that they are difficult to measure precisely. A negative tax on reforestation or avoided deforestation could be designed so that it leads to financial transfers from high income countries (where most emissions take place) to low income countries.

Tommaso - Hansen's recent paper suggests that we will eventually need to bring CO2 levels back down to 350 ppm, which would require activities with negative emissions - land management and tropical reforestation seem to be an obvious choice.</description>
		<content:encoded><![CDATA[<p>Peter Foley - emissions from deforestation and land use change can be measured, its just that they are difficult to measure precisely. A negative tax on reforestation or avoided deforestation could be designed so that it leads to financial transfers from high income countries (where most emissions take place) to low income countries.</p>
<p>Tommaso - Hansen&#8217;s recent paper suggests that we will eventually need to bring CO2 levels back down to 350 ppm, which would require activities with negative emissions - land management and tropical reforestation seem to be an obvious choice.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: charlie</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14315</link>
		<author>charlie</author>
		<pubDate>Thu, 12 Jun 2008 01:49:48 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14315</guid>
					<description>what would be helpful is to take those "wedges" which are way too confusing, and explain to americans, ok, this is how you're going to fuel you car in 2050.  People want energy security, and  if we save the climate at the same time great.</description>
		<content:encoded><![CDATA[<p>what would be helpful is to take those &#8220;wedges&#8221; which are way too confusing, and explain to americans, ok, this is how you&#8217;re going to fuel you car in 2050.  People want energy security, and  if we save the climate at the same time great.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Paul K</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14320</link>
		<author>Paul K</author>
		<pubDate>Thu, 12 Jun 2008 05:27:51 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14320</guid>
					<description>People continue - drwood is the latest - to confuse cap/trade with cap/auction.  The auction part is all wrong. It will not maximize deployment. It will not reduce emissions. It does not establish a market. It has the support of less than forty senators. It cannot succeed. It should be dropped from the discussion. 

Cap/trade can possibly succeed in establishing an artificial market that will maximize deployment and reduce emissions. Although there are big questions, including Earl Killian's cogent old high emitting vs new low emitting conundrum, a market system works if it is properly constructed. It is really very simple, requirng only buyers (fossil fuel burners), sellers (any one producing non fossil based fuel or energy or its equivalent in efficiency), a product ( deployment, production and generation) and a medium of exchange (tax and/or penalty avoidance coupons).</description>
		<content:encoded><![CDATA[<p>People continue - drwood is the latest - to confuse cap/trade with cap/auction.  The auction part is all wrong. It will not maximize deployment. It will not reduce emissions. It does not establish a market. It has the support of less than forty senators. It cannot succeed. It should be dropped from the discussion. </p>
<p>Cap/trade can possibly succeed in establishing an artificial market that will maximize deployment and reduce emissions. Although there are big questions, including Earl Killian&#8217;s cogent old high emitting vs new low emitting conundrum, a market system works if it is properly constructed. It is really very simple, requirng only buyers (fossil fuel burners), sellers (any one producing non fossil based fuel or energy or its equivalent in efficiency), a product ( deployment, production and generation) and a medium of exchange (tax and/or penalty avoidance coupons).</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: drwoood</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14324</link>
		<author>drwoood</author>
		<pubDate>Thu, 12 Jun 2008 10:13:42 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14324</guid>
					<description>Paul K - what I (and I daresay most people) mean by a cap and trade scheme is where a set amount of permits are allocated, firms are permitted to trade the permits, and at the end of the period (usually a year) the firm must possess an amount of permits equal to the firms greenhouse gas emissions. The question that arises is how are the permits initially allocated? They can either be auctioned or handed out for free, and usually the party allocating the permits is a government of some kind (in the EU ETS it is a compination of national governments and the European Commission). I'm not sure what you mean by cap/trade, do you mean cap and trade which free allocation of permits? If not, then can you point to a reference detailing the system that you are attempting to describe?

Auctioning has many advantages over free permits as a permit allocation method. Auctioning is simpler, while handing  out free permits based on a firms previous emissions can lead to perverse incentives to have higher early emissions; handing out free permits means more opportunity for rent seeking from polluters; auctioning makes the polluter pay, while when permits are handed out for free firms make substantial windfall profits when they pass costs on to polluters,  in either case firms are likely to pass costs on to consumers; with auctioning, the money raised can be used to reduce distortionary taxes, compensate people on low or middle incomes, or reduce emissions on areas not covered by the emissions trading scheme.</description>
		<content:encoded><![CDATA[<p>Paul K - what I (and I daresay most people) mean by a cap and trade scheme is where a set amount of permits are allocated, firms are permitted to trade the permits, and at the end of the period (usually a year) the firm must possess an amount of permits equal to the firms greenhouse gas emissions. The question that arises is how are the permits initially allocated? They can either be auctioned or handed out for free, and usually the party allocating the permits is a government of some kind (in the EU ETS it is a compination of national governments and the European Commission). I&#8217;m not sure what you mean by cap/trade, do you mean cap and trade which free allocation of permits? If not, then can you point to a reference detailing the system that you are attempting to describe?</p>
<p>Auctioning has many advantages over free permits as a permit allocation method. Auctioning is simpler, while handing  out free permits based on a firms previous emissions can lead to perverse incentives to have higher early emissions; handing out free permits means more opportunity for rent seeking from polluters; auctioning makes the polluter pay, while when permits are handed out for free firms make substantial windfall profits when they pass costs on to polluters,  in either case firms are likely to pass costs on to consumers; with auctioning, the money raised can be used to reduce distortionary taxes, compensate people on low or middle incomes, or reduce emissions on areas not covered by the emissions trading scheme.</p>
]]></content:encoded>
				</item>
	<item>
		<title>By: Peter Foley</title>
		<link>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14334</link>
		<author>Peter Foley</author>
		<pubDate>Thu, 12 Jun 2008 15:56:08 +0000</pubDate>
		<guid>http://climateprogress.org/2008/06/10/iea-report-part-2-climate-progress-has-the-solution-about-right/#comment-14334</guid>
					<description>David B. Benson, Take a deep breath and brush up on the PH system of acidity measurement.  The added Co2 will lead to more shells/coral as the biosphere sequesters the carbon, as it has for the last couple of eons. 
Just how did the sea life make when CO2 levels where 10x this era's? 

If needed, I think not, do we want to pull the anti-carbon parachute rip cord while world society is still miles above sustainable economic development atmosphere?  At 2ppms/year we are 35 years from 450ppms.  without the damage a anti-carbon jihad would create our global GNP will quadruple, giving all 4x the funds to "fix" the alleged carbon forced AGW.

Drwood, Another tax structure? Don't be silly.  Read your statement, "negative tax....where most emissions take place, to low income countries.
Anything that leads to a world government is unacceptable.
Has anyone bothered to look at actual current average World temps recently?  The facts are mooting this argument.</description>
		<content:encoded><![CDATA[<p>David B. Benson, Take a deep breath and brush up on the PH system of acidity measurement.  The added Co2 will lead to more shells/coral as the biosphere sequesters the carbon, as it has for the last couple of eons.<br />
Just how did the sea life make when CO2 levels where 10x this era&#8217;s? </p>
<p>If needed, I think not, do we want to pull the anti-carbon parachute rip cord while world society is still miles above sustainable economic development atmosphere?  At 2ppms/year we are 35 years from 450ppms.  without the damage a anti-carbon jihad would create our global GNP will quadruple, giving all 4x the funds to &#8220;fix&#8221; the alleged carbon forced AGW.</p>
<p>Drwood, Another tax structure? Don&#8217;t be silly.  Read your statement, &#8220;negative tax&#8230;.where most emissions take place, to low income countries.<br />
Anything that leads to a world government is unacceptable.<br />
Has anyone bothered to look at actual current average World temps recently?  The facts are mooting this argument.</p>
]]></content:encoded>
				</item>
</channel>
</rss>
