Steve, The major problem is that without either an ETS which we did have or a carbon tax which we didn't have the RET doesn't make a lot of sense. Until the true cost is allowed for all energies then we cannot let the market decide the winners. The numbers would change with either.
I'm not worried about what is ideal as economic policy; I'm just saying that if it is part of the reason that less coal is being burned, and the cost is not terribly high on the economy (and I think Martin supports both of those propositions) then it is worth having anyway.
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Steve,
The major problem is that without either an ETS which we did have or a carbon tax which we didn't have the RET doesn't make a lot of sense. Until the true cost is allowed for all energies then we cannot let the market decide the winners.
The numbers would change with either.
I'm not worried about what is ideal as economic policy; I'm just saying that if it is part of the reason that less coal is being burned, and the cost is not terribly high on the economy (and I think Martin supports both of those propositions) then it is worth having anyway.
Granted but an ETS simply makes the transition easier and smoother and allows the market to determine the winners
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