tag:blogger.com,1999:blog-5518754664819189600.post5831586032585598465..comments2024-03-10T03:28:02.356-05:00Comments on Thoughts on Global Warming: 'State of the Carbon Cycle' in North America ReleasedSimmonshttp://www.blogger.com/profile/01301830467883922045noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5518754664819189600.post-42274942834502452412007-11-16T19:16:00.000-05:002007-11-16T19:16:00.000-05:00The cost to business of trapping CO2 emissions at ...The cost to business of trapping CO2 emissions at their industrial source can be mitigated by subsidies. This would make a substantial dent in CO2 emissions without affecting a business’ ability to compete in the marketplace.<BR/> <BR/>Companies can trap CO2 at their factories now with existing and (currently) costly technology. The government should give them subsidies, equal to their added costs, if they purchase and use the technology. As the technology goes down in price, as it inevitably will, subsidies will be adjusted and then phased out accordingly.<BR/><BR/>It is ill advised to expect businesses, especially businesses that compete globally, to fund CO2 reducing measures on their own. They will not be competitive. Subsidies will keep industry's costs as competitive with American and world markets as they are today, no more and no less. American consumers, as well as overseas buyers, will buy a company’s products based on the same cost basis as before implementation because the added cost of the technology will be offset by the inverse cost of the subsidy. Because this relates to cost and not price, no artificially low prices result and no retaliatory measures by other countries will be anticipated. <BR/><BR/>The American people would pay for the cost of these subsidies through various means. Direct price increases for some goods, or possibly taxes of some kind. These costs will not be large when shared by all and will decrease as the cost of the technology goes down. <BR/><BR/>Subsidizing mitigation of industrial CO2 emissions would add to our arsenal of techniques for curtailing global warming. A democratic president with CO2 mitigation as a priority could get this done. The window of opportunity may be upon us.Anonymousnoreply@blogger.com