All Cap-and-Trade Is Local
WCI partners and observers
Last spring, speaking to a group of MBA students and cleantech and renewable energy investors at the Massachusetts Institute of Technology (MIT), Exelon CEO John Rowe, an ardent defender of cap-and-trade, vowed that carbon pricing was not a matter of “if but “when” and that companies like his were already factoring a priced carbon in their long-term planing.
Rowe’s forecast took a beating last week when Senate Majority Leader Harry Reid (D-Nev.) opted not to push a comprehensive climate change and energy bill through the Senate. He just, “didn’t have the votes,” Reid said. But a week after this setback, Rowe’s educated prediction is back on track, especially after yesterday’s unveiling by a group of U.S. states and Canadian provinces, of a plan that seeks to price all green house gases by 2012. Read More »
