America's first "climate dividend"
Great piece in the Huffington Post today on California’s new climate regime. Mike Sandler, in a piece called The Birth of Carbon Pricing and Delivering California’s First ‘Climate Dividend‘ can see what, alas, many climate activists miss — allowance auctions can be understood in a very positive light indeed. Sandler writes here of America’s first climate dividend and offers an analysis that is astute in both its details (which I will skip, hoping that you read the article) and its overall import. He even quotes the mad utopians at the California Public Utility Commission on the commons logic that is carefully embedded in the new system:
“The equitable distribution of revenues recognizing the “public asset” nature of the atmospheric carbon sink refers to… the idea that the atmosphere is a commons to which all individuals have an equal claim…Returning revenues equally to all residential customers is more equitable and comports with the idea of common ownership of the atmosphere given that residential ratepayers will ultimately bear the increased costs as a result of the Cap and Trade program.”
Read the article. It’s a relief after all the recent bad news.