by Ron Meyer
Conservative Columnist
Pollution is bad. Yes, despite popular belief, Republicans and skeptics of global warming agree that carbon monoxide, nitrogen oxide, particulate matter, and any of the harmful pollutants people emit can be hurtful to our earth and its people. Action can and should be taken in Washington to help curtail these emissions. However, the most recent bill, the Waxman-Markey American Clean Energy and Security Act, will unnecessarily bankrupt American consumers, kill jobs, and further damage our already injured economy.
The original Waxman-Markey bill was designed to curb carbon dioxide emissions by introducing a government-run “cap and trade” system into our economy. Cap and trade, a supposed alternate to a carbon tax, forces companies that emit carbon dioxide to buy permits to do so. The government would auction a fixed number of these permits into the market each year. Businesses would be able to trade these permits. By putting a price on CO2 emissions and making them tradable, these businesses would have an incentive to use less CO2. However, this incentive only comes through the penalty of having to buy carbon permits; practically, it is a tax.
Most of our energy comes from CO2-emitting methods. Therefore, whether or not a certain business emits CO2, its costs will go up because the price of energy will skyrocket. Extra costs for businesses translate into laid-off workers and higher prices to make up for these additional costs.
When businesses raise prices, consumers take the heat. According to a Massachusetts Institute of Technology study, the average family would have incurred more than $3,900 dollars in extra expenses if the original bill had passed. While Obama has proposed a mild tax credit to low income families to balance these costs, there is no doubt that all family budgets, especially of families in areas powered by coal, will take a serious hit.
For this reason, some Democratic congressmen who are afraid of their constituents have pushed to modify the bill. Instead of doing one big government auction, the new Waxman-Markey bill would give out 85 percent of the permits, and auction off the remaining 15 percent. The 85 percent would be handed out to the people of Congress’s choosing. Certain energy distributors, automakers, natural gas distributors, and states with renewable energy programs would receive permits at the government’s discretion.
Even though this new plan may be marginally easier on consumers, the government should not be able to pick winners and losers. When congressmen select the recipients of the unauctioned permits, they are likely to pick businesses in their own district or companies that give money to their campaigns. Maybe this is why GE’s CEO Jeffery Immelt is excited about the bill’s possible passage.
Both the new and old Waxman-Markey bills have a problem with enforceability as well. How can the government ensure that companies are only using the carbon they purchased? The government would have to create a new measuring system and a new bureaucracy to make sure businesses are only using their permitted CO2. Watching over every business in America is neither a small nor an inexpensive endeavor, and may in fact be impractical.
Washington should still take action. However, instead of making the government bigger by creating a new bureaucracy, inhibiting our economy, or allowing D.C. to become even more corrupt, the government should step out of the way.
There is a solution, apart from cap and trade, that will save consumers and businesses money while still getting rid of pollution (not just CO2). This solution has been around for decades, and every other developed and developing country in the world is investing in this energy source. China has planned or is building 92 plants of this kind. France gets over 80 percent of its power from this source. This energy is four times cheaper than solar energy, and it is the second lowest in price only to coal. America’s best way to reduce pollution is to remove the ban on building nuclear power plants.
Nuclear power — or “nucular” power if you’re former president George W. Bush — is a cheap source of power with zero pollution, and the arguments to keep it banned are getting slimmer. New nuclear plants can provide America with cheap and pollution-free energy that is ready to produce right now. Wind, solar, hydrogen, and other clean sources are not nearly as developed as nuclear. Since electric cars have a good chance of becoming the next generation of automobiles, nuclear electricity could actually be the complete solution to our energy independence and pollution problems.
More nuclear power would help our economy and our environment. Cap and trade may help our environment, but it will certainly hurt our economy. The choice is easy for the American people, even if Washington runs on a different frequency.

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