The comment, made during a Jan. 17 interview with the editorial board of The San Francisco Chronicle, essentially explains how the kind of cap and trade mechanism sought by both Mr. Obama and Senator John McCain (the latter at least in his platform, if not on the stump) would make
coal combustion ever more costly (unless the world finally gets serious about investing in large - scale testing and deployment of systems for capturing and burying carbon dioxide).
Not exact matches
And, if anything, these countries are more insistent than
ever (see China's stance discussed here) that the heavy lifting, not marginal Obama - style cuts, needs to be done (or somehow paid for) by the world's established powers, which built their prosperity on decades of unrestrained
coal and oil
combustion.
On the other hand, it is reasonable to assume that natural market factors will gradually result in a reduction of
ever more expensive fossil fuel
combustion as older
coal - fired power plants are shut down and replaced by nuclear plants, as hybrid and electrical cars gradually replace gasoline and diesel driven ones, and as energy efficiency is improved and waste reduced.