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Waxman-Markey is a bundle of contradictions.
As the House plans to vote on the legislation, AEI energy and environmental scholars find many problematic elements within the proposed bill, and all note that this legislation consists, at its core, of a cap and trade program for greenhouse gases.
Many analysts have written about the innumerable problems with cap-and-trade, and most of the problems that have been predicted have found their way into the current cap-and-trade law working its way through Congress.
The Boxer-Kerry Cap and Trade Bill is a "tougher" bill than Waxman-Markey, requiring a greater reduction of GHG by 2020 -- meaning requiring the impossible.
The proposed cap-and-trade system would be a costly policy that would penalize Americans and have little effect on global warming.
Congress should apply to climate change the market-based solution that it successfully applied to acid rain nearly twenty years ago.
This event will discuss who should set the rules for geoengineering, What should those rules permit or forbid, and how should they be enforced.
We cannot protect our environment with job-killing higher taxes and growth-stifling government regulation.



