[Terrapreta] why we must relate to cap and trade

[Kevin Chisholm]

Dear Lou

I think I see a great way for us to make an absolute fortune from the 
Cap and Trade System.

1: We ask the EPA for a listing of all their environmental requirements 
for them to approve a coal fired power plant..

2: We then write them another letter to the effect: "If we design a 
power plant burning 1,000,000 tons of coal per year, and it fully meets 
the requirements laid out in your previous correspondance, will you 
approve Construction of such a plant?

3: When they say yes, then we write back "I hereby apply for approval to 
build 5 such plants."

4: When we receive confirmation of the Approval, we then decide not to 
build the plants, and we sell off the 5,000,000 TPY of credits for not 
burning the coal.

5: Then we split the incoming cash 50-50.

We have to more quickly, to get the Approval before the Cap is set. 
However, once it is set, then we are set!!

Think that would work?

5 million tonnes of unburned coal should get about 15 million tons of 
CO2 Credits. At $40 per tonne, this is $600 million per year.

What will you do with your $300 million per year?

There might be a problem... those promoting the Cap and Trade System 
might want to keep all the Approvals for themselves. They didn't do all 
this good work so that Outsider people like us could easily cash in on 
their efforts.

How do you think we should proceed?

Kevin ;-)


lou gold wrote:
>
> There is a very interesting editorial in today's NY Times
>
> May 14, 2008
> Editorial: The Post-Bush Climate
> http://www.nytimes.com/2008/05/14/opinion/14wed1.html?hp=&pagewanted=print 
> <http://www.nytimes.com/2008/05/14/opinion/14wed1.html?hp=&pagewanted=print>
>
> It notes that all three US presidential candidates have indicated that 
> they favor some sort of cap-and-trade system. My guess is that 
> cap-and-trade is coming. This means than there will soon be a huge 
> pool of monies to support activities that are viewed as sequestering 
> carbon.
>
> This is becoming no longer a philosophical or ideological or moral 
> matter. It is happening and many folks (the good, the bad, the etc) 
> are positioning themselves to bargain for the offset bucks.
>
> I believe that this is why we are suddenly seeing foolish proposals 
> like growing and burying trees. Why? Because growing and burying trees 
> has some concrete metrics associated with it. There is measurable 
> carbon retrieval. There is measurable organic carbon to be buried (or 
> perhaps sunk into oceans where big logs don't deteriorate). The point 
> is that the discussion is shifting to metrics and the biochar movement 
> better have some way to measure its benefits if it hopes to compete.
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