Because cap and trade is enforced through the selling and trading of permits, it actually perpetuates the pollution it is supposed to eliminate.
James HansenThe democratic process is supposed to be one person one vote, but it turns out that money is talking louder than the votes.
James Hansen'Cap and trade' generates special interests, lobbyists, and trading schemes, yielding non-productive millionaires, all at public expense. The public is fed up with such business. Tax with 100% dividend, in contrast, would spur our economy, while aiding the disadvantaged, the climate, and our national security.
James HansenOur analysis shows that, for the extreme hot weather of the recent past, there is virtually no explanation other than climate change. The deadly European heat wave of 2003, the fiery Russian heat wave of 2010 and catastrophic droughts in Texas and Oklahoma last year [2011] can each be attributed to climate change. The odds that natural variability created these extremes are minuscule, vanishingly small. To count on those odds would be like quitting your job and playing the lottery every morning to pay the bills.
James Hansen