Air is one we hold in common; it has a limited carrying capacity for pollutants and that's being used up by those who pollute the atmosphere. So we have to stop that externality. We would never allow a utility to put their coal slag in a dump truck and back it up to the city park and dump it in unlimited amounts for free. But that is exactly what we do with carbon dioxide and methane.
Jay InsleeBecause the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.
Jay InsleeWhat is a fish without a river? What is a bird without a tree to nest in? What is an Endangered Species Act without any enforcement mechanism to ensure their habitat is protected? It is nothing.
Jay InsleeSo we are now still dependent on foreign oil, have a problem with global warming, and are losing jobs rapidly to the Japanese in fuel-efficient vehicles as a result of that very shortsighted progress.
Jay InsleeWe allow it to be dumped into this community asset, which is our one and only atmosphere. So that has to change, and there's really only one entity that can do that. So we have proposed a cap-and-trade system to stop that unlimited pollution, to use the forces of the market to efficiently allocate scarce permits to allow CO2 into the atmosphere. That's just one of 500 things we need to do, but it's probably the granddaddy of them all.
Jay Inslee