Performance Standards

Beyond Kyoto

Hoff Stauffer should not be so apologetic and tenuous in his proposal for performance standards. If and when the world decides to become serious and really do something about global warming (and the considerable lag times normally encountered between decision and action suggest we are fast running out of time), I doubt the Kyoto Protocol will have anything to do with what emerges. Kyoto and its flexible mechanisms may represent an idealized vision of how pollution might be controlled in a perfect world, but the real world is far from meeting those conditions. The question we should be asking is: why would the world want to experiment with untried theory for this critical and time-sensitive problem?

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Global Warming: A Viable Strategy

The debate in the United States on global climate change is shifting from whether to do something about the problem to what to do. The conventional wisdom focuses on “cap and trade,” also known as tradable emissions permits. The Kyoto protocol, for instance, has instituted a cap-and-trade system for greenhouse gases (GHGs).

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A New Standard for Preventing Global Warming

A New Standard for Preventing Global Warming

The debate in the United States on global climate change is shifting from whether to do something about the problem to what to do.1 Prudent people do not want to risk unacceptable adverse economic impacts, even if they are extremely concerned about global climate change. On the other side, equally prudent people do not want to risk accomplishing too little. The debate is stymied, even though several bills on global warming have been introduced into Congress. “There will be no climate change legislation coming out of my committee this year,” Senator Pete Domenici (R-NM) recently announced. “Frankly, I don’t know how to write it, and I don’t think anybody does.”2

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