The Business Roundtable, a major trade association that claims some of the largest and most influential firms in the U.S. as members, will endorse a "market-based mechanism" to curb greenhouse gas emissions that cause climate change, three people with knowledge of the plans told POLITICO.
The impending move, which is expected to come Wednesday, throws the lobbying voice of corporate America behind efforts to combat climate change, reflecting division between the business community and the Trump administration.A "market-based mechanism" is a broad term, and it's unclear whether the Business Roundtable will recommend any one particular design.
A person with knowledge of the organization's plans said Business Roundtable will frame its position as the "best way to address climate change while also delivering long-term economic, environmental and social benefits" through policies that begin with "a well-designed market-based mechanism, which includes a price on carbon across most of the U.S. economy."
Business Roundtable spokesperson Rayna Farrell said in an email that "multiple versions of a climate policy, which we’ve been working on for the past year, have been circulating. We do have an announcement coming [Wednesday] but it is under embargo until 10am ET." The idea of a price on carbon has floated around Congress for several years but hasn't picked up momentum. Elected Republicans have shunned it. Many progressive Democrats also have turned away from the policy, viewing the price needed to sufficiently reduce emissions to avoid baking in the worst effects of climate change as politically untenable.
The data shows the fires would not be nearly so bad without climate change and regardless of arsonists. That said, good to see the Roundtable not making a knee jerk reaction to call for carbon taxes - what's needed is control of supply with a carbon currency on everything.
FYI: Business has no conscience, their only allegiance is to the bottom line.
Maybe even a 'Carbon Tax' to give governments incentives to lower emissions. Somehow sounds familiar? ParisAccord
It's a good step, if late and less than it should be. But the MAGAs will continue to deny and tie everything in knots...
Climate Terrorist!!
What Climate Change?
It was market-based mechanisms that created this problem in the first place, and we're going to trust them to do the right thing now? They made fortunes off of destroying the planet, now they want to make more money cleaning it up?
How about people just stop starting fires?
Looks like the 'business roundtable knows about business more than about science. Science cannot calculate climate as it is too complex and many variables are unknown. Computer models based on assumptions are not science, and facts debunk their predictions.
We need to Understand that The End is upon us. And we are the reason this is happening. If we seek God's Kingdom. We can save the Earth! But so few bother..
Market based solutions are the cause of climate change.
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