Well, exactly. And the incentive that is being used to encourage a company to make the investment in some type of scrubber or some type of way of reducing the amount of carbon dioxide should be just that. It should be an incentive to do that and make that capital investment in that technology, versus not having to pay for it. There is no economic incentive to change. Obviously there is a huge environmental impact for all of us who are breathing the air and the entire impact on the climate and the environment. But those companies that continue to burn coal don't have an incentive. So if we flip it around and say, all right, there is going to be a charge, in order for you to do this there is going to be an expense associated with it, whereas if you invest, if you are going to have to pay something in, if you are going to invest in something that is good, good for the environment, good for you. You get some type of benefit out of it then it is a good swap for the company, and it is a particularly, it is exactly what we need in terms of our encouraging private investment in technology that will clean our air.
Ron Klein: “Well, exactly. And the incentive that is being used to encourage a company to make the investment in some type of…”
Editor's note · Context
Discussing the need for economic incentives to reduce carbon emissions and promote clean technology investments.
Share
More from Ron Klein
Well, I would certainly pick up on that because one of the first things that this Congress did, with our freshman class encouraging the way, was to say that we were going to change the way Congress paid for and spent the American…
I am going to add another form of ethanol out there that I think people around the world are familiar with in Brazil, which is a very large country, it is a fully industrialized country. They decided a generation ago to move towards energy…
There is no money that under this program goes to the State. It goes to the participants of the risk catastrophe funds. Those are independent.
I'm looking back at the amendment. And the point I was trying to make, which I think is pretty clear here, is that it says ``under any loan previously made under this Act or any loan provided by any agency or establishment of the Federal…





