Wednesday, May 20, 2009

Cap and Trade on the Horizon

Jeff Immelt, CEO of GE, stated that cap and trade for carbon emissions is needed so that there is some direction and stability for business. I figure that it is imminent now. The current administration looks to be laying the foundation for not only an economic recovery but a structurally different economy going forward. At least that is what it looks like. I'm hoping it is not sold as a grand plan that turns into the same old programs.

With a vigorous debate on healthcare, economics, energy and the environment materializing combined with a new economic approach derived from this crisis we may have a new way forward. I'm cautiously optimistic and looking forward to an integrated approach on all these fronts rather than piecemeal regulations that favor lobby groups. Another difference is that everyone can participate with the internet.

Cap and trade should set clear guidelines on how the system works and what we have to work with. This will spark new innovation across the board in technology. I look forward to seeing what we come up with to tackle the challenges ahead.

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