CERAWeek: Power Industry's Big Challenge

Power industry CEO’s said this morning that addressing climate change concerns while feeding growing demand for energy and keeping prices low for customers amounts to one the biggest challenges the sector has ever faced.
Several seemed resigned to the fact that regulators will soon enact a cap and trade system for reducing carbon emissions, though not all are convinced that is the best route.
Academically, a uniform carbon tax makes more sense, said David Joos, CEO of CMS Energy, a Michigan-based power provider.
But if a cap-and-trade system wins out, he wants to ensure that revenue steered to the federal government under the system goes to research and development and not to fund social programs.

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