In a post earlier today, I mentioned conditions under which Boulder’s municipalized utility would be cost competitive with Xcel. Well here’s the plan to make it happen…
Jamie Wearing Fools: Obama Energy Nominee: We Need a Carbon Tax to Triple the Cost of Energy or Something
President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most.
“Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.”
I say Ernest Moniz is the City of Boulder’s favorite nominee. With Moniz as energy secretary, there’s a chance that a Boulder Muni would be competitive.
JWF remarks…
You ever notice Obama deliberately goes out of his way to nominate the looniest extremists possible? What other reason could this be except for the fact he’s also a far-left extremist?
No doubt, President Obama, nominee Ernest Moniz and the City of Boulder are all marching lockstep towards the expensive energy goal. Don’t say I didn’t warn you.
