ST Alpha - "Obama's climate (cap-and-trade) plan could cost industry $2 trillion, 3 times the original estimate -- (link)" (Reading a Post)

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Obama's climate (cap-and-trade) plan could cost industry $2 trillion, 3 times the original estimate -- (link)

Posted by Strongbad (aka Rambler14) Mar 18 '09, 08:40

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The plan seeks to reduce pollution by setting a limit on carbon emissions and allowing businesses and groups to buy allowances, although exact details have not been released. (www.washingtontimes.com)

Responses:

I could just as possibly induce industry to make developing higher efficiency procedures, thus saving money for a net neutral cost. -- nm - znufrii Mar 18, 08:47 4
- to make them a priority, rather -- nm - znufrii Mar 18, 08:48 3
  - So, this industry is going to self-regulate, then? - TaurusII Mar 18, 08:52 2
    - No, the industry will absorb the extra costs of the regulations and try to offset them through higher prices and improved efficiency - TWuG Mar 18, 08:55
    - that's not what I'm saying at all. - znufrii Mar 18, 08:54
"cost the industry"? What a bunch of bitchy little girls. In "costing" the industry, it does two other things: It creates a new industry, and it ... - Beryllium Mar 18, 08:46 1
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[deleted] 18
- Didn't read the article, but I wonder what period that 3 trillion is spread over and whether it amounts to a "worst case" scenario. - TWuG Mar 18, 08:48 17
  - over an eight year period -- nm - The Quiet Roger More Mar 18, 08:49 16
    - So what are projected revenuers over that 8 year period? Many multiples of 3 trillion would be my guess. -- nm - TWuG Mar 18, 08:52 15
      - [deleted] 14
        
        I think he's asking "what are total company revenues over eight years? I bet it's bigger than the $3T they'd have to fork out" -- nm - The Quiet Roger More Mar 18, 08:56 9
        
        [deleted]
        
        Yes, that's what I'm asking. Everyone hears -- nm - TWuG Mar 18, 08:58 7
        
        "$3 trillion" and gasps. But $3 trillion against what revenues? $10t? $12t? $20t? -- nm - TWuG Mar 18, 08:59 6
        
        not to mention that's probably the highest-revenue scenario in the projection, not by any means the most common outcome. -- nm - znufrii Mar 18, 09:00 5
        
        [deleted] 4
        
        *gives you a D- in reading comprehension* - znufrii Mar 18, 09:06 1
        
        [deleted]
        
        I think he's saying $3t is worst case. He meant "cost" not "revenue" -- nm - TWuG Mar 18, 09:04 1
        
        I meant govenrment revenue, not company revenue, correct. -- nm - znufrii Mar 18, 09:07
        
        most of which will apparently go to subsidizing increased consumer costs for lower-income families as a result of this program -- nm - znufrii Mar 18, 08:56 3
        
        which is just as well, as the companies paying the tax will pass on the increased costs to consumers (as they should) - The Quiet Roger More Mar 18, 09:00 2
        
        [deleted] 1
        
        I know that's one proposal to deal with the problem, but is that what the EU actually does? -- nm - The Quiet Roger More Mar 18, 09:06

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