Tuesday, May 19, 2009

Waxman-Markey Bill Update

Some environmental groups are coming out against the Waxman-Markey bill (aka American Clean Energy and Security Act), saying it's too weak to really do anything to address global warming and ramp up renewables (others, like Environmental Defense, still support it). President Obama also supports the bill, despite the fact that it doesn't reflect his original, more aggressive emissions and energy targets.

I think there's definitely an element of perfect being the enemy of good in this debate. It's certainly not a perfect climate bill (with the weakened renewable energy standard and giving away CO2 allowances to industries instead of making them pay) but at this point, we need to take action and do something, without further delay. Paul Krugman put it this way:
"The legislation now on the table isn’t the bill we’d ideally want, but it’s the bill we can get — and it’s vastly better than no bill at all...After all the years of denial, after all the years of inaction, we finally have a chance to do something major about climate change. Waxman-Markey is imperfect, it’s disappointing in some respects, but it’s action we can take now."
I'd recommend reading his full column and thoughtful discussion on the bill here.

1 comment:

Anonymous said...

It would be better to wait for a bill to be drafted that is truly based on science and not politics.
When a bill creates more disadvantages than advantages it's time reevaluate it's true intent. The Waxman-Markey bill is not based on science. It's based on politics. If this bill passes, the US economy will be destroyed. Voice your opinion at http://tinyurl.com/klfut8.