Wednesday, May 27, 2009

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

1 comment:

CPMJohn said...

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.