Greenhouse gases - dangerous

Environmental Protection Agency issued a final ruling that greenhouse gases “endanger” health and human welfare. Declaring that Carbon Dioxide endangers human health allows President Barack Obama to gloat at the Climate summit in Copenhagen. He may brag of this executive power to impose emissions caps on industry in the United States. Under the "endangerment finding," the EPA asserts the power to regulate CO2 and other gases blamed for global warming.

The Obama administration dismissed concern over the climategate controversy surrounding leaked e-mails from the British climate research center. Yet to be answered is the possible economic impact of regulations that constrain emmissions.

Cash for clunkers spurs demand

License this stock photo of Clunker Car .

The US government CAR Allowance Rebate System (CARS) has proven
very popular with consumers. The government program offers a $3,500 or $4,500 rebate for the trade-in of eligible "clunker" vehicles based primarily upon fuel economy. The incentive is so pupular the first $1 Billion dollars alloted was spent in only one week. Congress is trying to designate another $2 Billion for the program. However, the senate is not likely to agree without debate.

Will you help Mother Nature save the Earth?

Environmental advocacy is going beyond the activists rallies. Individual responsibility and contribution to greenhouse gas emissions and climate change is being recognized. Will
consumer behaviour change to reduce consumption? Reducing the consumption of goods and services is a goal of environmentalists to achieve sustainability. What is the economic impact of the reductions? Who will set the global greenhouse gas budget? Will it be based on today's consumption per country or some future ideal "equitable" allocation of carbon dioxide equivalents.

Will we be forced to purchase carbon offsets as a new tax? Will the do-it-yourself crowd be allowed any thoreauvian-lifestyle deductions for their vegetarian diet or backyard garden?