08 Apr '11, 12am

MUST READ. Short piece kills GOP myths: China now beating us in clean energy + starting to use CAP+TRADE! #tcot @grist

DOYLE: Just two days ago, a report came out, saying: "China to Tax Energy Usage of Energy-Intensive Industries." "China will impose a tax on energy usage of eight industrial sectors," including "iron and steel, aluminum and cement." Madame Speaker, "Xie Zhenhua, the vice chairman of national development and reform, said that China has launched pilot carbon emission trading schemes in some of their provinces." So much for this idea that all these jobs are going to China because there's no taxing there or they're not looking at a trading scheme. KINZINGER: The fact that China, India, and other developing countries have no intention of imposing similar regulations is further evidence that such regulations are costly and economically damaging. ... DOYLE: Maybe he wasn't here when I read the fact that China is imposing a tax on their industries, is looking at cap-and-trade. ......

Full article: http://www.grist.org/climate-policy/2011-04-07-climate-ha...

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