RSS- SDI 20082AC Blocks
AT: Clean Coal DA (KMT Lab)
(__) Coal industry collapsing – environmental standards, public opinion and lack of financing
These messages and other variations on the coal-is-great theme are flooding the nation courtesy of the coal industry, coal-fueled utilities, railroads and relatedindustries.
The pro-coal marketing campaign
-- known by its tag line "Clean Coal" --
has kicked into high gear as prospects for new plants have turned bleak. Wall Street is tightening financing, leading to
what one analyst toldthe Christian Science Monitor is
a "de facto moratorium on coal power." The expected election of a moreenvironmentally friendly president may lead to the first federal limits on carbon dioxide emissions. Evenred states
are now battling the construction of coal-fired plants. Last year, 59 new plants wereeither canceled or halted across the nation.
When it comes to the threat of global warming, "the coal industry are the last people to get it," says Daniel J. Weiss, senior fellow and director of climatestrategy at the Center for American Progress, a nonprofit, progressive think tank. "That's why they're fighting so hard.
They're on a death spiralright now."(__) 1AC is a link turn to this argument- Even if they win a risk of their link, we have several internallinks into the economy which will offset any economic decline- prefer our evidence on this question itsspecific to our type of cap and trade system, theirs is not.a) Banking- US entrance into the tradeable permits market is key to investment and profits for banks- keyto the global economy- the impact is extinction, that’s our Bailey evidence. b) Competitiveness- US is being boxed out of the market for carbon and for renewable, both of these arecritical to not only the global economy, but also to US hege. That’s our Derwet Evidence.(__) Non Unique- US economy trashed now
(“Woes Deepen for US Economy,” 2008 http://www.csmonitor.com/2008/0716/p01s05-usec.html)
Expectations that the current US economic downturn will be shallow are diminishing.A severe recession in the U
tates still isn't the mainstream forecast, but economists say
it's a real possibility, especially as problems atAmerican banks deepen amid a continuing shakeout of the housing crisis.
What makes forecasts challenging these days is that the economy's problems involve the linkage of many moving parts. Crucially,
a healthy banking system is vitalto the economy, and now an economic slowdown and a plunge in bank stocks have raised the prospect of more bank failures and the need for federal intervention.