Just as bankruptcies are an important part of the capitalist system and allow companies to come out the other end stronger and with a more clean cap table, so too are foreclosures important for a well-functioning housing market.
My colleague Jesse Jenkins and I warned about this last Friday, when we argued that cap and trade advocates would use recent news that Deutsche Bank is moving clean energy investment overseas as evidence that cap and trade would have kept investment in the United States.
FORBES: Getting It Wrong On Carbon Caps and Clean Tech Investment
According to Josh Freed, director of the clean energy program at the moderate Democratic DC think tank Third Way, a bipartisan clean energy strategy one that moves beyond the failed cap and trade debate toward a renewed public-private partnership aimed at developing and marketing improved clean energy technologies is ripe for passage in a Washington under split rule.
Preferred government mandates like Clean Energy Standards or regulatory schemes like cap-and-trade will raise energy prices.
FORBES: Climate Hawks and 'Reverse Tribalism': How Our Policy Choices Are Fueling Climate Inaction
Say what you will about the Solyndra bankruptcy or the collapse of federal cap and trade legislation, clean tech is rapidly replacing crude oil as the greatest geopolitical prize on the planet.
FORBES: Clean Tech Nation: The Scramble for Clean Tech Supremacy
The message from clean energy investors like Deutsche Bank and the model provided by our global competitors are both quite clear: what the U.S. needs is not cap and trade but a comprehensive clean economy strategy.
In a new article at the Washington Independent, Andrew Restuccia falls into the trap of equating the failed cap and trade bill with a proactive clean economy strategy that would drive considerable private investment in clean energy.
FORBES: Getting It Wrong On Carbon Caps and Clean Tech Investment
The EPA is effectively imposing cap and trade by administrative regulation under the Clean Air Act, without Congressional approval.
The Recovery Act will double the supply of renewable energy, but the only way to truly spark an energy transformation is through a gradual, market-based cap on carbon pollution so that energy, clean energy is the profitable kind of energy.
With representatives on both sides of the aisle now recognizing the importance of national investments in clean, American energy sources, new opportunities for bipartisan progress on clean energy may be possible where efforts to pass contentious cap and trade legislation have repeatedly failed.
FORBES: Does New Republican Bill Signal Bipartisan Support for Clean Energy Investment?
He said the Bridgend plant will be the sole global source of the clean energy engine and it was a "real feather in the cap" for Wales.
So in the Clean Air Act of 1990, he proposed a plan that would cap sulfur-dioxide emissions but let the market decide how to allocate the permits.
Obama backed a cap and trade approach in 2008 and put forth a clean energy standard, which included nuclear and natural gas, to advance policies around climate change, neither of which gained enough Congressional support to become law.
Proponents are saying that the Northeast cap-and-trade plan is creating jobs in the clean energy sector.
All Very Serious People knew that you could not reduce carbon emissions or drive clean energy innovation without a price on carbon, either through a carbon tax or a cap and trade system.
His doctors have given him a clean bill of health after a debilitating bout with lymphatic cancer -- though he still wears a cap to cover the baldness caused by chemotherapy treatment.
Obama's plans to finance an ambitious clean energy agenda by imposing a de facto carbon-emissions tax in the form of an auction-based cap-and-trade system has set the stage for an epic showdown on Capitol Hill over carbon emissions and energy legislation.
Recognizing that the political opposition has doomed cap-and-trade and carbon taxes, Kaiser came up with his own version of a national Clean Energy Portfolio Standard.
FORBES: Billionaire George Kaiser Has A Big Green Energy Plan
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