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Please do not give away carbon credits to carbon sources
(polluters). Credits should be auctioned or bought. Europe's system
is a cautionary tale of setting the carbon price too low and giving
away credits.

A limited role for offsets may necessary in the beginning, but the
ability to offset carbon pollution must be very limited or
greenhouse gases will not be cut significantly.

For the system to succeed, carbon must be priced high and priced
ever higher during the years following. Credits must be bought by
those who are considered the pollution sources (often power
companies).

Offsets must be allowed sparingly and less allowed every year.

A Cap and Dividend system is a more socially just system which
allows all people to cover their higher energy prices with the
regular dividend collected through the sale of credits. To give
credits away keeps money from the ratepayers and from clean energy
research and development. Please do not weaken your plan to suit
polluters. We, the people of California, will pay for the delay of
an effective plan with our childrens' future.