In addition to the blog, there was an interesting piece in the Washington Post this weekend about a potential loss of the cap and trade agreement proposed by certain members of Congress. Cap and trade allows certain businesses to buy and sell pollution credits and sets a strict limit on the amount of greenhouse emissions that could be produced by a certain company. Opponents say that this is a tax on energy use by corporations and will hurt business.

Due to wavering senators, a new proposal called cap and dividend is beginning to take shape. Under this scheme, three sources of emissions would be targeted: electric utilities, transportation, and industry. Power plants would be restricted to a certain amount of emissions and there might still be a carbon tax for motor fuel.

The legislation is less stringent than the cap and trade to appease moderates in Congress and its hope is to be passed through by the end of the year. The bill will need bipartisan support in order to clear the hurdles it currently faces in congress. Here's the link.

http://www.washingtonpost.com/wp-dyn/content/article/2010/02/26/AR2010022606084.html

-Anthony