Public Policy the Waxman-Markey Cap-And-Trade Thesis

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Results can then be used to optimize the benefits and minimize the costs. Economists for example should also research the effect of the bill on specific sectors of the nation, such as the poor, and those who depend upon specific energy industries for their wealth. If such research is used to demonstrate to the public the specific projections for the future by means of a generally available report, it may be easier for citizens to accept any sacrifices that need to be made.

The public can also be included in the decision-making process that would benefit the environment and long-term sustainability. Representatives from the public, as well as stakeholders from various industries should be included in the decision-making process. These stakeholders can then provide valuable input in finding a compromise between the need to ensure sustainable livelihoods and ensuring a sustainable environment for the future.

In its current form, I therefore do not believe that the Waxman-Markey bill should be accepted into parliament.

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There are simply too many public and economic risks, while there is no certainty of its positive effects. Too little research has been conducted to substantiate the merit of the bill. Indeed, its tenets are based upon hypothetical projections, without any root in concrete, academic, or scientific fact.

On the other hand, I also believe that it is encouraging that politicians are attempting to take action for the sustainability of the earth. At least this demonstrates a positive attitude towards conservation. The proposed bill, and others like it have their merits in terms of the attempt to ensure a sustainable earth. The proposal should however be conducted in a sustainable way. The appropriate experts, representative stakeholders, and the general public should be included in the decision-making process, because it affects all of them......

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