Common Sense About Carbon

Solazyme CEO Jonathan Wolfson argues that a cap-and-trade system will be ineffective in leading development away from high-carbon technologies. “If I was the one writing the rules, I would just tax carbon,” he says.

Solazyme describes itself as “a synthetic biology company that unleashes the power of marine microbes to create clean and scalable solutions for the renewable energy, industrial chemical, and specialty ingredient markets.”

One of these days, I will (as promised back when the Liberals were still promoting their failed “GreenShift” approach to the problem) explain in more detail why cap-and-trade is a specious corporate scam. But in the meantime, good on Mr. Wolfson for being so blunt in rejecting that approach to tackling the problem of carbon emissions and for being so forthright about the quid pro quo that should (but sadly doesn’t in most cases) exist when government backs research and development efforts that lead to profitable enterprises.

Oh, I almost forgot. The complete ForaTV piece is available here.


Carbon Tax vs. Cap-and-Trade

Too bad that Dion can’t explain his “Green Shift” plan as clearly as Elizabeth May seems able to when discussing the Greens’ own proposed carbon tax. If you missed this face-off between her and Jack Layton over their respective plans on CTV’s Question Period earlier this summer, here it is again.

Contrary to Jack’s glowing assessment of the European experience with cap-and-trade, the reality is quite different as this article from last year that appeared in the Washington Post details. Another report from Business Week indicates that despite creating a massive new level of bureaucracy, the EU Greenhouse Gas Emission Trading Scheme (EU ETS) has little to show for itself in terms of environmental benefits. In fact, Europe’s carbon dioxide output actually rose 1.1 percent last year.