re: EPA regs to kill nuclear power

quote:

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How does the government determine what the tax should be?

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That is the problem with a cap and trade (aka cap and tax) system. The EU tried it and a recession hit and it was not politically feasible to raise the price of carbon credits as a result industry never slowed up and only had an 8% reduction in CO2 (and know are talking about scrapping it and adopting more of a US model) whereas the USA had a 12% reduction without it thanks to lower NG prices (both were hit by the recession) and other things (i.e hybrid tax credits, higher ethanol content, etc) that made cleaner energy cheaper. Australia in 2012 passed a tough cap and trade but it made energy prices sky rocket and the ppl screamed no mas after a year and it was repealed. So a workable cap and trade system has not been devised by anyone and I don't want the US being the guinea pig.
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