about this blog
- Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company.
He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."
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Corey in GA
What laws are there against CO2 pollution? That's essentially the exhaust of any combustion process? Only hydrogen and a few other rare processes of combustion fail to produce significant CO2. That's why making CO2 a pollutant essentially calls any inefficiency "pollution". The question is, will people with a minivan be forced to only drive it when there are more than 2 people in the car, as driving a large vehicle when not necessary would be inefficient and thus "pollute" more? The most important issue with any cap and trade system (or any efficiency requirements) that applies to manufacturing (or anything that can be outsourced) is that it reduces the competitiveness of the domestic process compared to areas where the efficiency requirements are not in place (i.e. China). This makes increased efficiency requirements without increased tariffs on products of consumption unlimited countries tantamount to telling people that their jobs are not as important as appearing to be globally conscious. (I say "appearing to be" since moving a moderately efficient enterprise here to a horribly inefficient enterprise in China results in a net INCREASE in global CO2, thus harming the environment.) See Global Carbon Initiative on Facebook. Another important and oft overlooked carbon issue is other forms of carbon production and absorption. How much carbon is "produced" via the razing of forest and the drainage of bogs, both of which absorb vast amounts of carbon until they are razed?