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The Case for a National Energy Policy

The Washington Post Editorial Board believes all the attention focused on the construction of the Keystone pipeline is “misplaced.”  

“It would have been better placed on the Capitol, where Rep. Chris Van Hollen (D-Md.), without much fanfare, reintroduced a bill that would address the nation’s greenhouse-gas emissions in a serious way.”  

“Environmentalists should have kept their sights higher, on creating a national carbon policy that would reduce demand for dirty fuels, cutting emissions by attacking the root problem.”  

“Mr. Van Hollen’s market-based version is elegant and effective. It would put a slowly declining cap on the country’s carbon dioxide emissions, requiring an 80 percent cut by 2050, and rely on basic economics, not Environmental Protection Agency commands.”  

“Firms putting coal, oil or natural gas into the U.S. market would have to buy permits that account for the carbon dioxide those fuels release when burned. That is, energy companies would finally have to pay the full cost of the products they sell. “

Topics: wonk-wire