First Name | John |
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Last Name | Fioretta |
Email Address | jfioretta@comcast.net |
Affiliation | Concerned Citizen |
Subject | Comment on Cap and Trade |
Comment | While I appreciate the effort and thoroughness that went into the proposed regulations, I suggest that there is a simpler, more efficient, and fairer method for reducing GHG emissions in California--carbon fee and dividend. A fee and dividend system would set gradually increasing fees on fossil fuels and other sources of GHG at the point of production or import. Then ALL the revenues from these fees would be returned to each household in the state. This would be the most efficient way of reducing GHG's in California because it would be simple to implement, not subject to manipulation, and provide predictable fuel prices. As these many pages of regulations (and the 2000+ page federal cap and trade legislation that failed in Congress last year) attest, cap and trade is complicated. Fee and dividend would require far less regulation to implement and explain--set a price on carbon fuels and designate an authority to collect it. Nor would fee and dividend permit interpretive battles over offsets. Finally and most importantly, it would be predictable. A fixed and steadily rising price on fossil fuels and GHG would help businesses plan future expenses and encourage entrepreneurs to innovate alternate energy sources and consumers to purchase them, while protecting the poor from fuel and heating price increases. Because dividends would be returned to the people this approach should be acceptable to politicians of all parties. Thank you for this opportunity to share my views. Respectfully submitted, John Fioretta |
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Date and Time Comment Was Submitted | 2011-08-11 15:52:06 |
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