Let's cut through the bullshit, Rick, and level with the people of the coalfields. This bill will kill jobs.
But don't take my word for it:
Cap-and-Trade DelusionsLook 'em in the eyes and tell 'em, Rick, why you went with your pals in Washington rather than with the good people of Southwest Virginia.
Proponents need to stop pretending cap-and-trade will cost nothing and create tons of jobs.
By Ronald Bailey, Reason
"The Waxman-Markey bill will create jobs by spurring investment in renewables and efficiency." So declared the liberal Center for American Progress as it announced support for the new cap-and-trade climate change bill introduced in Congress last week.
Clocking in at nearly 1000 pages, the American Clean Energy and Security Act—or Waxman-Markey after its sponsors Rep. Henry Waxman (D-Calif.) and Rep. Edward Markey (D-Mass.)—proposes to reduce U.S. greenhouse gas emissions by 20 percent below their 2005 level by 2020, by 42 percent by 2030, and by 83 percent by 2050. In addition, the bill requires that electricity retailers meet 20 percent of their load by 2020 using either renewable sources of electricity or conservation. To achieve these goals, the U.S. will have to spend money on clean energy technologies which are far more expensive than conventional energy technologies.
All rhetoric aside, mandates cost money.
Producing low-carbon electricity will also cost more money. Currently, producing solar photovoltaic electricity costs about 33 cents per kilowatt hour; wind generated electricity is about 9 cents per kilowatt hour; and coal-fired production with carbon capture and sequestration is estimated to cost up to 10 cents per kilowatt hour. In contrast, producing electricity by means of conventional coal-fired plants now costs 6.5 cents per kilowatt hour and nuclear power comes to 7.5 cents per kilowatt hour.
Once again, all other things being equal, higher costs mean that the energy industry will raise the prices of its goods and services. Which means that consumers will buy less, thus leaving the industry with less to spend on producing goods and services or to pay its workers. Will there be more people specifically employed making and installing higher-cost, government subsidized wind turbines, photovoltaic arrays, batteries for plug-in hybrid automobiles, and weatherized houses? Sure. But on net, there will fewer new jobs thanks to rising low-carbon energy costs.
Man-made climate change may be a huge problem, but cap-and-trade proponents need to stop pretending that the solution will cost virtually nothing while producing more jobs than it destroys. [link]