Reference: Unertainty grows over carbon trade, Bangkok Post, May 27, 2009
The engine of economic growth and well being is energy. The carbon cap and trade is a proxy for taxing energy. It is a formula for economic disaster that would in good times bring recession and in recession, depression; and in our current financial crisis, economic suicide.
Cha-am Jamal
Thailand
1 comment:
Agreed, Jamal.
What we need, at least in the US, is lower energy cost to spure economic development. Of course, Obama and his followers are radical gaiaists. Gaiaists' goal is to slow-down human activity, certainly not to encourage it.
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