Dr. James Hansen, a leading climatologist, thinks cap-and-trade won’t work, at least from an environmental standpoint. While many manufacturers are against a cap-and-trade system for the damage it could cause to their manufacturing capacity, Dr. Hansen points out that with carbon offsets, a tree planted in one place means a tree cut down somewhere else, and a puff of pollution saved from one plant is another puff some another.
Instead, Dr. Hansen proposes a flat tax on oil, gas, and coal — whether it’s mined here in the U.S. or imported from abroad — with the money going to the American public. This extra cash would allow consumers to use money to weatherize their homes, for example, which would have a greater impact on the environment than slowing down manufacturers.
If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Have any comments or questions about our Thursday video editions of IMPO Insider? Or do you have a video you'd like to see featured in one of our deployments? Email me at Joel.Hans@advantagemedia.com.