Transcript Slides

By: Brandi Thompson, Cody Vojacek,
Seth Wenninger, Kelly White
Greenhouse Effect
 “The phenomenon whereby the earth's
atmosphere traps solar radiation, caused by the
presence in the atmosphere of gases such as
carbon dioxide, water vapor, and methane that
allow incoming sunlight to pass through but
absorb heat radiated back from the earth's
surface.”
 1st discovered in the 19th century
 Gained attention in the 1960’s when it was
hypothesized to be increasing global temperatures.
 Carbon Dioxide is being targeted
 0.038% of atmosphere
 Prior to Industrial revolution - CO2 - 280 ppm
 Now - CO2 – 360 ppm
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Burning of fossil fuels, mineral and metal production, deforestation
Global Warming
 Many scientists believe increased CO2 emissions are
increasing global temperatures.
 World temperature has increased 1°F since 1970.
 Increased melting of glaciers and arctic ice shelves
 Decreased animal populations
 Fears:
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Rising sea levels
Hurricanes, storms, floods, droughts
Disease
Ecosystem disruption
Kyoto Protocol
 160 nations met in Kyoto, Japan in 1997
 “The goal is to lower overall emissions from six
greenhouse gases - carbon dioxide, methane, nitrous
oxide, sulfur hexafluoride, HFCs, and PFCs.”
 Goal was to reduce total emissions by 5.2% of the 1990
level.
 Entered into force in 2005 with 187 countries ratifying.
United States Position
 Did not ratify Kyoto protocol due to harmful effects on
economy
 The Bush administration offered incentives to
businesses to voluntarily reduce emissions.
 There have also been incentives for companies to
produce and use renewable energy.
Cap and Trade Bill
 In June, 2009 U.S. House of Representatives passed the
American Clean Energy and Security Act of 2009.
 Requires 20% of electricity to be renewable by 2020.
 Improve energy productivity by 2.5% by 2012
 Establishes a cap and trade system
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Cut emissions by 17% of the 2005 level by 2020 and by 83% by
2050.
Cap and Trade System
 Government sets limit (cap) of emissions
 Companies are required to buy permits or allowances
to emit gasses, most importantly CO2.
 If they emit more than they are allowed, they are
taxed.
 Companies can sell or trade their allowances to other
companies
 Each year the nationwide cap is lowered.
 The bill now has to be voted on in the senate.
 Support has greatly fallen in the last few months.
 Republicans are nearly unanimous in their
disapproval.
 A growing number of democrats and most
independents disapprove.
Pros of the Cap-and-Trade Bill
 Limiting total U.S. emissions of carbon
dioxide
- An effort to prevent threatening weather conditions
in the Midwest farm states, massive coastal flooding,
and frequency in Gulf coast hurricanes.
-Reduce carbon emissions by 65% 0f 2005 levels.
Pros of the Cap-and-Trade Bill
Provides bonuses for companies
- Companies can sell unused carbon credits to other
companies who have not met the goals.
- Offers bonus allowances for carbon capture and
storage.
Cons of the Cap-and-Trade Bill
Driving already rising energy costs
even higher
 Obama: Energy prices will “skyrocket.”
- Higher prices cause lower industrial output
- Greater competition from overseas manufacturers.
- The loss of thousands of jobs.
Cons of the Cap-and-Trade Bill
Adding devastation to an already
weak economy
- Disposable household income would decrease by up
to $6,000 by 2030.
- Gasoline prices would increase by almost 100% by
2030.
- Electricity prices would increase by over 100%.
- School and hospitals will experience a tremendous
expenditure increase.
Cons of the Cap-and-Trade Bill
 Unfairly targets U.S. manufacturers
- Industrial sectors will pay twice through additional
costs of carbon embedded in energy purchases and
higher costs of natural gas and electricity.
- Industry sectors carbon emissions have risen 2.6%
since 1990.
- Residential sectors carbon emissions have risen 29%
since 1990.
Our Proposal
In response to cap and trade legislation
Suspend Cap and Trade If…
 Gas prices reach $5 per gallon
 Electricity increases beyond 10% of prices in 2009
 Unemployment increases to 15%
 Prevent companies from placing full burden on
consumers
Without Fuel Limitation
 Cost of living increases
 Wages will not increase since profit is not increasing
 CNS News
 Gas expected to rise to $4.50 by 2050
 With cap and trade
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Gas increases to $4.50 by 2030; $5.50 by 2050
Electricity Increases
 Gradual increase is natural
 Dramatic increase harms small businesses and
consumers
 Small businesses may close as result of rising costs
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Not enough profit to compensate
 Consumers
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Natural increase projected at $0.04 by 2050
With C&T: Increases of 22% by 2030
Unemployment Limitation
 Restricts unemployment from increasing beyond: 15%
 Current rate of unemployment: 10%
 Natural rate of unemployment: 5%
Additional Legislation
 Government can outline expectations
 Require companies to take responsibility
 Consumers should not have to accept full transfer of
costs
Other Alternative
• GOP’s Energy Alternative
• American Energy Act
• Idea by Pence, Shimkus, and Upton; 3 Republican
congressman
• Controls CO2 emissions by increasing supply of carbon
free nuclear energy
• Establishes a goal of licensing 100 new nuclear reactors
• Revitalize an entire manufacturing sector- creating
hundreds of thousands of jobs
• Burdensome regulatory process-fast track approval
program for PP applications
Disposal of waste
 Safe storage for spent fuel rods
 Fuel recycling
 Nuclear Regulatory Commission can finish review of
national repository without political interference
 Gov’t prevented from blocking storage facilities from
private company contracts
Own Natural Resources
 Areas in the US are off-limits
 Allows exploration in the Arctic National Wildlife
Refuge
 Environmentally safe leasing of oil and natural gas
fields in the outer continental shelf in the west.
 Revenues from the leases would fund development of
tech. to increase clean, renewable energy sources
(Wind and solar)
Incentives
 Bill offers tax incentives for purchases of new plug-in
cars and hybrid vehicles
 Expands the successful tax incentives that have
encouraged homeowners to make their homes more
energy efficient
 http://www.youtube.com/watch?v=yeALwQtJa0E