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Comment 9 for Cap & Trade PDR (dec-14-pdr-ws) - 1st Workshop.
First Name: Denzil
Last Name: Armstrong
Email Address: dharmstrong@gmail.com
Affiliation:
Subject: Cap and Trade
Comment:
I prefer a "command & control" approach to regulation and I am skeptical that "cap & trade" will work. Two suggestions to improve the "cap and trade" proposal: 1. Instead of starting the proposed program at 100% of GHG emissions, phase the program in at 5% increments each year. In this way, some facilities could simply reduce production/usage by 5% and have time to evaluate future options. 2. Be consistent. If reducing GHG emissions is important enough to disrupt the economy, then every penny of revenue should be spent on reducing GHG. If the State simply flows the "auction money" into the State's general fund, then the whole process will be perceived as just a "back-door" tax to balance the State budget.
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Date and Time Comment Was Submitted: 2010-01-03 07:44:36
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