Americans are already paying the price for record heat waves, dirty air, and an unstable climate. We need to fight these threats with every weapon we have, and the electricity industry has to do its fair share. The new carbon standard will help make that happen.
So where are the opportunities? If we look at the traditional sectors, energy, construction and transportation one of the biggest things that leaps out to me is the idea of substituting and replacing raw materials using one thing that humans seem to be able to produce in abundance -- waste.
House Republicans passed a bill taking permit authority over the Keystone Pipeline away from the President and giving it to Congress -- you can just imagine how President Bush would have reacted to a similar move by Congressional Democrats on his watch!
Fossil fuels seem cheap and convenient now, but when we get hit with the true costs -- of a spoiled environment, of missing out on vital future industries like clean energy, of a mounting public health burden, of possible war -- we'll see we were had.
If we could see the world with a particularly illuminating set of spectacles, one of its most prominent features at the moment would be a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark.