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Comment 4 for 2013 Investment Plan for Cap-and-Trade Auction Proceeds (2013investmentpln-ws) - 1st Workshop.
First Name: James
Last Name: Miller
Email Address: jrusmiller@yahoo.com
Affiliation: Luz Engineering
Subject: Cap and Trade investment disbursements
Comment:
When I voted for the various rules to control green house gases, my expectation was that funds created by fees and taxes and carbon credit sales would be used to reduce greenhouse gases and not to displace funds in other programs for localized air pollution clean up or providing health services to people immediately affected by local air pollution such as asthma victims along diesel engine corridors both truck and rail. While conversion of all port equipment to electricity will improve particulate concentrations in the port area, the focus of the cap and trade money must be on the most cost effective reduction of carbon emissions in the state. As most of the air pollution in the LA Basin is caused by mobile equipment, cars and trucks, much attention will be paid to reducing vehicle miles and emissions. Cap and trade funds should be leveraged with public or private agencies seeking to convert motive power from combustion to electric power. If local air pollution funding or regulation conformance funding by private parties can offer to match cap and trade to yield higher reduction in carbon emissions than other projects, they should be preferentially funded. Cap and trade should not be used for technology development. The state does not have sufficient technical personnel to choose winning technologies from among the hundreds being proposed to private investors. Investing in commercial projects with substantial technical risk seems acceptable when private parties have funded a project so that it can be financially successful without cap and trade monies. For example, cap and trade monies should not be spent in designing better quality fuel cell stacks. The money should be spent replacing all public vehicles in the state with electric vehicles. This stops emissions and supports the private parties which have created the electric vehicles.
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Date and Time Comment Was Submitted: 2013-02-13 15:20:21
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