Caps, Quotas, and Central Planning

DDP Newsletter March 2009, Vol. XXVI, No. 2

A “hard cap on all carbon emissions.” A “25% federal renewable portfolio standard (RPS) to require that 25% of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind, and geothermal by 2025.” A goal of “making all new buildings carbon neutral (that is, producing zero emissions) by 2030.” Within six years, “one million 150 mile-per-gallon plug-in hybrid cars on our roads.” These are promises from the I-can-and-I-will President. Continue reading