President Obama new budget proposals have been rather well received both by the American public and many in the academic as well as the environmental communities. The proposed budget is after all honest, courageous and is a blue print of what President Obamas' vision for the US looks like. It is a vision that is well grounded in a society that has a national health care system, a nation whose citizens have access to educational institutions, a society that promotes clean renewable energy and that encourages its industry to decrease its emissions substantially.
One revenue source for the year 2012 does not exist yet; the projected revenue fro Cap-And-Trade. The policy itself is not controversial but the method of implementing it is already causing a split inside the environmental community. Should the government
"oppose the free allocation of credits to emitting industries under a carbon cap and trade program and support auctioning 100 percent of the credits immediately."
or should we
"oppose the free allocation of all of the credits to emitting industries under a carbon cap and trade program and support auctioning up to 100 percent of the credits immediately within five years."
What do you think?
