The US stimulus bill has an end date that's approaching fast, and other governments are tightening fiscal and monetary policy (see http://bit.ly/9TBJUu). We're rapidly approaching the end-date of our near-term economic solutions - and it's not clear that we have a policy to get private dollars moving again once those solutions end. That makes movement on a utility-first cap on carbon emissions essential. The U.S. utility sector is holding up billions in job-creating capital that won't flow to new energy projects without certainty on their future environmental obligations. Major utility leaders want that certainty - want a utility cap - so they can make the investments and collect the returns.Read the full story at Politico.
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