Rep. Dingell on Cap and Trade
Al Gore wants both a carbon tax and cap-and-trade. Is this guy a complete idiot?
UPDATE: This is from the debate engendered by the hearing that Gore spoke at:
"This bill is an energy tax," Gingrich said. "An energy tax punishes senior citizens, it punishes rural Americans, if you use electricity it punishes you. This bill will increase your cost of living and may kill your job."
Rep. Henry Waxman, D-Calif., chairman of the Energy and Commerce Committee that is writing the bill, shot back that Gingrich was resorting to "the old scare tactics" designed to undermine any congressional effort to address the problem.
Gore defended the science that warns of a potential climate crisis later this century and insisted the blueprint outlined by House Democrats would address the problem without soaring prices for Americans.
"I think the cost of energy will come down when we make this transition to renewable energy," said Gore, who predicted economic costs would be much greater if global warming is not reined in by a shift from the use of fossil fuels. Democrats argued that the development of renewable and energy efficient technologies will produce jobs and mitigate cost increases.
The House bill calls for mandatory reductions in carbon dioxide and five other greenhouse gases by 20 percent from 2005 levels by 2020, and 83 percent by mid-century. It also would require utilities to produce a quarter of their electricity from renewable sources by 2025 and impose new efficiency requirements. . . . .
Some info on Global Warming is here.