The latest scientific study on global warming was released on Jan. 28, 2009 by Kyle L. Swanson and Anastasios A. Tsonis. The two professors in the Department of Mathematical Sciences at the University of Wisconsin-Milwaukee, found that the Earth has been cooling since 2001 and projected that due to “global variation” the climate would continue to cool for the next 20 to 30 years.

However, even the prospect of the next three decades of falling global temperatures will probably not persuade the members of the United States Congress and the current administration from spending vast sums of taxpayer money to fight global warming.

This is because the tax and spend politicians in Washington, D.C. think that government should suddenly become proactive and move quickly to implement expensive environmental tax policies to save the planet from carbon based greenhouse gas in the next century.

So, according to many members of the United States Congress, global warming is man-made and the scientific debate about it is over. It may not get warm any time soon but it should eventually and it is necessary to try and prevent that eventual day of global environmental reckoning. As a result, the political war against greenhouse gas is on and the casualties of the battle are destined to be the economy and the consumer.

Of course, the fact that 31000 scientists have signed a letter that casts doubt on the actual science behind the concept of man-made global warming is just another inconvenient fact that must for political expediency be conveniently overlooked.

The political remedy currently proposed in this years proposed budget is to reduce carbon based greenhouse gas through a market based cap. It means that the government would mandate carbon dioxide emission permits, which are essentially permits to use energy, that companies would then be able to sell among themselves. The market based cap is really an environmental tax on business.

In the proposed budget, the plan would impose fees on greenhouse gas producers, including power plants that burn fossil fuels, by auctioning off carbon pollution permits. The truth is that the tax is designed as a pass through tax to consumers and business would profit from it as well, since it allows companies to skim a fee for a profit at consumer expense.

The end result of the market based cap will be higher electric prices for consumers. The expectation by the administration is for the government to raise $646 billion dollars over the next decade in these fees. The money would be used to pay for Obama's tax credit, which provides up to $400 a year to individuals and $800 a year to couples.

Some proponents of global warming will say that the need to reduce carbon based green house gas is well worth the price. Unfortunately, even if you believe in man-made global warming and think that the planet is in environmental peril from greenhouse gas, this new tax will do nothing to stop global warming. It will only take more money from consumers as the need for energy increases in the years ahead.

This is because the worst offenders ( India and China) of carbon based emissions want nothing to do with the expense of limiting them. In fact, even the countries that signed the Kyoto Protocol years ago never actually spend the money to realize those environmental goals.

The result is that the market base cap is a tax will do nothing to stop man-made global warming even if the problem does really exist. Sadly, it is just another government revenue generator under the political cover of a scientific need based on the propaganda and media hype of man-made global warming

So, remember as the cost of electricity increases in the next few years, government and business will both reap huge monetary rewards. It should be understood that taxing greenhouse gas in the United States will not save the planet and that the consumer of electricity is destined to be left out in the cold.

http://www.eworldvu.com