Obama speaks very plainly about the impacts of carbon emissions regulations (a carbon cap and trade system):
That will create a market in which whatever technologies are out there that
are being presented, whatever power plants are being built, they would have to
meet the rigors of that market and the ratcheted-down caps that are imposed
every year. So if somebody wants to build a coal-powered plant, they can. It’s
just that it will bankrupt them because they’re going to be charged a huge sum
for all that greenhouse gas that’s being emitted. That will also generate
billions of dollars that we can invest in solar, wind, biodiesel, and other
alternative energy approaches.
These remarks come from an
tape originally from a San Francisco Chronicle
interview of Obama back in January, and recently brought in an attempt to scare people about job losses in the coal industry that would supposedly result from carbon regulation. More details on the political angles, actual coal industry job drivers and some interesting reader comments at
Climate Progress.
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