US need independent Energy & Environment agency-like the Fed

by Ginosar  

As Congress attempts to establish viable energy and environmental laws, it is clear that the political fights have diluted the potential final bill to nearly nothing.

The approved House bill and the potential Senate Kerry- Lieberman bills, after consolidation, would do nearly nothing to slow down US contributions to global warming. The price of carbon would barely make impact on energy use, the potential cuts in GHG are insignificant, some 4% from the 1990 level by 2020, while 30% is needed as a minimum. Read: Kerry - Lieberman bill is a sham.

The Federal Reserve System was created a century ago in response to a series of financial crises and its duties expanded noticeably during the Great Depression.

It was clear a century ago that Congress was unable to respond effectively to varying financial situations that require both immediate response and also long range planning. Congress can not do that.

Energy is the blood life of any modern society, and the global environment is in the midst of rapid deterioration. Members of Congress are subjected to a variety of acute pressures that do not allow them to grasp the complexity of the energy and environment dilemmas and also to develop adequate laws to prevent further deterioration.

We must take these issues away from Congress and create a new FED-like system for energy and environment away as possible from the political constrains. An independent agency that can deal both the immediate crises and set national long term directions.

The standard response would be: you can not get Congress to agree on even very mild energy/environment bills, how would it be possible to create this new agency? After all, Congress has to create this new agency.

I hope there is enough love for the country and the survival of humanity in the heart of most members of Congress that would drive members of both parties to get rid of this political hot potato and give it to a responsible Federal agency.

Trackback address for this post

Trackback URL (right click and copy shortcut/link location)

No feedback yet

Form is loading...