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	<title>Sightline Institute$100 Billion Windfall - Sightline Institute</title>
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		<title>$100 Billion Windfall</title>
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		<pubDate>Tue, 08 Apr 2008 21:55:00 +0000</pubDate>
		<description><![CDATA[What we can learn from Europe's big mistake. | The Wall Street Journal&#8217;s blog says it well: By giving away greenhouse-gas emissions permits for free, Europe may hand power companies windfall profits of up to 71 billion euros&#8212;about $100 billion&#8212;and undermine the fight to curb emissions. The money&#8217;s coming from somewhere, of course. Unfortunately, that somewhere is ratepayers. Utilities say that&#8217;s only natural, reflecting the &#8220;opportunity cost&#8221; they incur in not being able to sell their permits into the...]]></description>
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