Prop 23 Update: Only in California – Cap and Trade Buzz

Russ Steele

Brad Plumer writing  in the Washington Post on cap-and-trade:

‘Here in the U.S., it’s hard to find an environmentalist or Democrat who will even whisper the phrase anymore’

While the rest of the U.S. is not even whispering about Cap-and-Trade, it is all the buzz in California.

Jo Nova has some insight to EU Carbon Trading that seems to a bubble that is about to burst. California timing is perfect, an opportunity to get in on the crash and burn.

The Global Carbon Market was still growing in 2011, but not exponentially like it was from 2005 – 2009. The bad news (for carbon traders) is about to hit the fan in the next report in 2013. There is a hint of it in the page announcing the report: “the market for primary CDM has dropped to its lowest level since 2004.”

 

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

One Response to Prop 23 Update: Only in California – Cap and Trade Buzz

  1. gjrebane says:

    We are still proudly displaying the only paste-on car ‘decorations’ our cars have ever sported – the pro-Prop23 anti-AB32 ‘jobs’ bumper stickers. They’ll stay on until California comes to its senses, or they physically wear off.

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