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After the death of Waxman-Markey, and given the current political climate, cap and trade is the Legislation Which Shall Not Be Named. Instead, there is discussion of either a renewable electricity standard (RES) or clean electricity standard (CES), and the talking points for supporters concern energy security and the growth of a clean energy economy, not climate change (also known as the Reality Which Shall Not Be Named).

Given the travails of Cape Wind, it’s probably good just to be able to say that there is a process. Each formal step gives ocean wind more credibility as something that really will happen.