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Management Side
The Final Word by Jim Thompson
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At the end of the day, no matter what comes out of Copenhagen, cap and trade will be the law of the land in the United States soon. The Environmental Protection Agency has figured out a way to impose greenhouse gas emissions standards without bothering with Congress and lawmaking. The reason it is coming is because of the money to be made by a number of interested parties. This is a coalition of Wall Street, farmers (who are already selling carbon credits in Chicago), natural gas producers, wind turbine manufacturers, solar cell manufacturers, and environmental advocates. Also interested are standards writing and monitoring organizations. Money, not science, will drive this forward. The smokestack has no friends. Welcome to 2010.


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