Global Warming a Hoax & the Earth is Flat   (c) David Horsey

John Podesta is president and CEO of the Center for American Progress and former chief of staff to President Clinton.

On June 26, the House of Representatives passed comprehensive energy legislation that included, for the first time in U.S. history, a cap on global warming pollution. The bill, called the American Clean Energy and Security Act, would also boost investments in energy efficiency and renewable energy, like wind and solar, to jump-start the transition to a clean energy economy. New investments in the clean energy technologies of the future would slash global warming pollution and reduce the use of foreign oil while also creating jobs and increasing our economic competitiveness vis-à-vis China and other nations.

The so-called ACES Act would implement a cap-and-trade system to reduce global warming pollution and spur investment in clean energy technologies. Today, corporations can freely dump global warming pollution into the atmosphere while society foots the bill for the ill effects. The act would limit the amount of global warming pollution that corporations could freely release into the air. Congress would set steadily declining emissions limits, and polluters would have to obtain permits for every ton of pollution they produced--in essence, a "dumping permit" for the sky. Corporations that reduce global warming pollution below their allotment could then sell an equivalent value of permits back to the open market. This system thus empowers individuals, entrepreneurs, and businesses to determine where necessary emissions reductions are most efficiently found.

The cap-and-trade concept itself is a product of American ingenuity. The United States pioneered it in the 1990 Clean Air Act to force power plants to reduce sulfur dioxide pollution, which causes acid rain. The program, developed during the first Bush administration, was a complete success--meaning it achieved total compliance in reducing sulfur dioxide pollution--and cost as little as one fifth of the Environmental Protection Agency's original $6 billion forecast. Both the gross domestic product and total electricity generation continued to rise at a steady clip after the program began. And despite claims that the limits on sulfur dioxide pollution would cause electricity bills to rise, rates are lower now (in constant dollars) than in 1990. Finally, the success of our first cap-and-trade program means that, today, we don't have to worry about--or pay for--the negative health effects, damaged infrastructure, and poor crop yields that acid rain would have caused if we'd chosen to do nothing.

We stand at a similar crossroads today, but we've cleaned our environment while driving economic growth many times before. The Congressional Budget Office estimates that the House legislation will cost the average household only $175 annually--the equivalent of a postage stamp a day. It will cost even less when efficiency measures are factored in, which would save families about 7 percent--or $84--annually on their electric bills. The act also includes provisions to protect low-income families and farmers from any potential cost increases.

But the bill is designed to do much more than reduce global warming pollution at an affordable cost. It will also catalyze clean energy innovation on a remarkable scale. Allowing the market to set a price on pollution will shift investments toward clean technologies and improved efficiency, while unleashing Americans' unique talent for problem-solving and technological ingenuity. The United States will join Europe and China--already bounding ahead--to capitalize on the most significant economic opportunity since the United States dominated the information technology revolution in the 1990s.

To make sure the United States can lead the world during the coming era of clean energy, the act creates a Clean Energy Deployment Administration--simply put, a "Green Bank." This program would provide clean energy projects with steady, low-cost credit to accelerate the development and commercialization of new technologies. It would use well-understood financial tools to work hand in hand with the private sector to boost lending and investment in a diverse range of clean energy projects that would otherwise have difficulty accessing steady, affordable commercial financing. And it would allow the United States to catch up to countries like China, which is already investing more than 3 percent of its total GDP in green programs, compared with America's current investment of less than one half of 1 percent.

The innovation, development, and commercialization of new clean energy technologies will bring millions of new jobs for people at all skill levels to communities across the country. The act, combined with the American Recovery and Reinvestment Act, would yield a net increase of 1.7 million new jobs in manufacturing, construction, and other sectors. And we know that one dollar invested in clean energy creates four times as many jobs as that same dollar invested in the energy industries of the past. Clean energy jobs have already shown impressive growth, even during difficult economic times; they experienced annual increases of nearly 10 percent from 1998 to 2007, more than 2½ times the rate of overall job growth.

Stories around the country already are bearing these statistics out. Retrofitting initiatives, supported by the recovery act, are putting local communities to work making homes and office buildings more energy efficient; wind turbine manufacturers in Michigan are hiring former auto employees to build complex power-generation machinery.

The House of Representatives has already done its part to make sure millions of Americans will have similar stories to tell. Now, it's the Senate's turn to support comprehensive energy legislation that will cap and reduce global warming pollution, create jobs, and put America's economy on a smart, clean, and competitive path forward.

Readthe argument against cap-and-trade, by William O'Keefe, CEO of the George C. Marshall Institute and a longtime energy industry consultant.

 

 

Climate Change Bill Faces Hurdles in the Senate
Kent Garber

To pass climate change legislation in the House last month, Speaker Nancy Pelosi needed 218 votes. She got 219: 211 Democrats plus 8 Republicans. By almost the narrowest of margins, the House voted to put a cap on the country's greenhouse gas emissions. Now the debate goes to the Senate, where passage will probably be just as tough. California Sen. Barbara Boxer, who chairs the Senate Environment Committee, is leading the effort

By Michael Osbun

Plan to Combat Global Warming: Pie in the Sky
Jonah Goldberg

Whenever you hear a politician start a sentence with, "If we can put a man on the moon ... ," grab your wallet.

The latest example of anthropogenic-lunar empowerment is global warming. Al Gore and Barack Obama routinely cite the Apollo program as proof that we can make good on the president's messianic campaign pledge to stem the rising ocean tides and hasten the healing of the planet.

How the Global Warming Bill Will Affect Your Wallet
Matthew Bandyk

How much will the Waxman-Markey bill cost the average American? In the coming weeks, Congress will likely consider a massive global-warming bill to create a new cap-and-trade program to regulate greenhouse gas emissions. President Obama praised the bill, dubbed Waxman-Markey for its co-sponsors, as a vital step to create millions of new jobs all across America

Norman Borlaug: Population Growth Requires Second Green Revolution
Norman Borlaug Nobel Laureate Interview

Norman Borlaug is known as the father of the Green Revolution. His work with high-yield, disease-resistant wheat varieties is credited with saving as many as a billion people from starvation worldwide. Borlaug was awarded the Nobel Peace Prize in 1970 in recognition of his contributions to world peace through increasing food supply. At age 95, a recent interview ...

Composting: From Garden to Kitchen to Garden

The key to a good garden is good compost, and every gardener worth his salt should be making his own. Compost is a wonderful thing, plants are happy when grown in this sweet black soil amendment. Making your own is easy. Anything that once was living will eventually become compost. The trick is how fast you can harvest it.

Greening My House
Arianna Huffington

Ever since I saw the Green light, thanks to my friend Laurie David, and traded in my gas-guzzling SUV, I've tried my best to up my eco-awareness.

Environmental Engineering Jobs & Careers

Find your next job saving our planet as an Environmental Engineer. Search for Environmental engineering positions from thousands of job and career search sites. A search engine for jobs with a different approach to job and career searches. In one simple search, job seekers get free access to millions of employment opportunities from thousands of websites.

 

(c) 2009 U.S. News & World Report