The credits would work except with Kyoto there are 3 or 4 sellers:
US, Canada, Australia, and I think Japan. The rest are all buyers so either these 3/4 countries would sell to their friends for market bottom rates (ie sell to Zimbabwe and in thanks we will give you grain etc).
The only way to curb it is for the government to enact new laws say compliance in 2012-2015, if your company doesnt comply you get fined and if you cant pay the fine you declare bankruptcy and someone buys you cheap.
That is market economics 101 - survive or die.
I personally think Canada should adopt the same emission standards as California. That would either allow us to meey Kyoto or at least come damn close. I also agree with the whole re-gassification thing with CO2 and Coal plants - CBC has a really good "In Depth" atricle on their site yesterday talking about it. I know its costly and it would likely hit Alberta Untilies but I think it should be done.
The Alberta government could use the tax revenues from selling the coal to pay for it. That would solve the whole nonsense with nuclear power in Alberta - sorry, I dont want to Bankrole Saskatchewan.
MYK
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