Public Policy The Waxman-Markey Cap-And-Trade Thesis

Economists for example should also research the effect of the bill on specific sectors of the nation, such as the poor, and those who depend upon specific energy industries for their wealth. If such research is used to demonstrate to the public the specific projections for the future by means of a generally available report, it may be easier for citizens to accept any sacrifices that need to be made. The public can also be included in the decision-making process that would benefit the environment and long-term sustainability. Representatives from the public, as well as stakeholders from various industries should be included in the decision-making process. These stakeholders can then provide valuable input in finding a compromise between the need to ensure sustainable livelihoods and ensuring a sustainable environment for the future.

In its current form, I therefore do not believe that the Waxman-Markey bill should be accepted into parliament. There are simply too many public and economic risks, while there is no certainty of its positive effects. Too little research has been conducted to substantiate the merit of the bill. Indeed, its tenets are based upon hypothetical projections, without any...

...

At least this demonstrates a positive attitude towards conservation. The proposed bill, and others like it have their merits in terms of the attempt to ensure a sustainable earth. The proposal should however be conducted in a sustainable way. The appropriate experts, representative stakeholders, and the general public should be included in the decision-making process, because it affects all of them.

Sources Used in Documents:

References

Gethard, Gregg (2009). Study: Benefits of Cap and Trade "Far Outweigh" Costs. Retrieved from http://www.heatingoil.com/blog/study-benefits-cap-trade-outweigh-costs/

Wall Street Journal (2009, June 26). The Cap and Tax Fiction. Retrieved from http://online.wsj.com/article/SB124588837560750781.html

Washington Examiner. (2009, May 22). Waxman-Markey cap-and-trade bill stuffed full of unpleasant surprises. Examiner Editorial. Retrieved form http://www.washingtonexaminer.com/opinion/Waxman-Markey-cap-and-trade-bill-stuffed-full-of-unpleasant-surprises-45836042.html


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