3 chapters across the catalog
Economist Kenneth Rogoff proposed the creation of a "World Carbon Bank" to transfer funds and technological expertise to developing countries like China. This aligns with John Kerry's claims that green energy is the fastest-growing job sector. However, critics point out that many "green jobs" are low-level sales positions rather than high-tech manufacturing roles.
Kenneth Green Testifies Against Cap and Trade Legislation
Environmental scientist Kenneth Green of the American Enterprise Institute testified before a Senate committee, arguing that cap and trade is an inappropriate tool for controlling greenhouse gases. He stated that unlike sulfur dioxide, carbon dioxide lacks the readily available capture technology needed for a trading model to work. Green warned the policy would cause significant economic harm without environmental benefits.
Carbon Bubbles and the Economic Impact of Biofuels
Kenneth Green warned that cap and trade creates a new financial instrument that could lead to a "carbon bubble" similar to the housing crisis. He also argued that carbon controls favor biofuels, which could lead to the displacement of natural forests by 2065. Green dismissed the promise of "green jobs," asserting that government policy merely shifts jobs with a net loss to the economy.
