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  • Published: Jun 30th, 2009
  • Category: USA
  • Comments: None

Pollution credits: Carbon smoke and mirrors

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President George W. Bush fought global-warming policy all the way to the Supreme Court. And he lost. Despite this judicial rebuke, he opposed climate-change legislation to the end. Now, with President Barack Obama, White House views on global warming finally are in line with scientific data. But this doesnt mean that politics cant still trump science.

Congressional response to the climate crisis has taken shape in the Waxman-Markey American Clean Energy and Security Act. The bill has a lot to like. It sets efficiency standards, encourages alternative energy and establishes emissions ceilings on vehicles, industries and power companies by 2020.

However, key provisions of Waxman-Markey resemble earlier European efforts, and Europes experience raises serious questions about the ability of this legislation to cut emissions or fund green solutions adequately.

The Waxman-Markey bill proposes a market-based

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