If Al Gore's Chicago Climate Exchange Suffers Total Failure, Does the MSM Make a Sound?
Outside of a report in Crain’s Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the only U.S. effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing the CCX, has yet to mention the news.
Despite ending carbon trading, the CCX isn’t vanishing altogether. It intends to transition into the murky world of dealing in carbon offsets. Once again, however, with the tide leaving on carbon regulation and increased concerns about fraudulent carbon offsets, the future of that market is quite uncertain.
With the demise of CCX carbon trading, only the still-pending Waxman-Markey bill is keeping cap and trade alive -- technically, at least -- in the U.S. According to JunkScience.com’s Cap-and-Trade Death Clock, however, Waxman-Markey only has about 60 days of life left before it, too, turns into a pumpkin.
Despite this good news, opponents of carbon regulation will need to remain vigilant. While radical greens and the rent-seeking “clean energy” industry are down, they are not out.
Though they will never again dare utter the term “cap and trade,” they will reformulate and rebrand carbon regulation in the form of a national “renewable electricity standard” (RES), a “carbon tax,” or perhaps something even more innocent and cuddly -- like “free cotton candy for everyone (FCCE).”
The global warming mob will be back, with their old agenda and new deceit, in 2011. Given that Republican politicians have a long history of squishiness on environmental issues, the rest of us will need to be prepared to continue the battle against Marxist/socialist and economy-killing energy rationing and taxes.