McCain Sides with Dems on Global Warming — McCain has lost it

McCain Sides with Dems on Global Warming
CNS News
A panel discussion on global climate change Tuesday found Sen. John McCain’s (R-AZ) staff agreeing with representatives for the leading Democratic presidential contenders. A cap-and-trade system for carbon emissions, they agreed, is the most promising solution to “global warming.” A cap and trade system would involve limits or caps (lower than current levels) on the amount of carbon dioxide (CO2) emissions produced by polluters like power plants. But companies able to cut their CO2 output at a low cost would be able to sell their left-over pollution permits to companies facing higher costs. John Raidt, a policy advisor to McCain, said during a discussion at the left-leaning Brookings Institution that the Arizona Republican is a “foremost proponent of carbon cap-and-trade.” Raidt said McCain supports a cap-and-trade system above taxes on carbon emissions because “cap-and-trade is a market-driven, proven way.” The position put McCain in league with leading Democratic contenders – Sen. Hillary Clinton (NY), Sen. Barack Obama (IL) and former Sen. John Edwards (NC) – whose policy advisors also participated in the discussion. Representatives for the three Democrats said they all support a carbon cap-and-trade system