Price Carbon Here and the Alternative Energy Manufacturing Will Follow
Wednesday, March 3rd, 2010
It is once again the Church of the Holy No(t if we can’t take credit for it) versus the Church of the Holy Handout bringing Congress to a standstill. This time it’s a group of Republican Senators wanting to block stimulus funding of alternative energy because some of the manufacturing will take place overseas. Rather than address WHY that happens and how to solve the problem, they just want to block it. And if it keeps us in thrall to Holy Oil, so much the better.
The reason we have not seen the investment we need in manufacturing of alternative energy products in the US is because the investment is not going to happen until and unless there is stable environment for it so investors can have a reasonable chance of making a return on their money. Temporary stimulus bucks don’t do that. A long term plan that prices carbon emissions will.
It is time for Congress to recognize the science side of capitalism as well as the religious one. Pricing carbon will steer the market forces towards creating a United States that is self-sufficient in energy and can lead the world out of the Carbon Age. Or we can keep on as we are doing, and eventually manufacturing will come back – as sweatshops where our grandkids and great-grandkids make cheap trinkets for the Chinese and Indian middle class.