Two key senators said they will outline a comprehensive climate change bill today that could become the centerpiece of legislative efforts to slow global warming.The framework includes a Federal Reserve-style board to help contain carbon costs, a 70 percent cut in greenhouse gas emissions from current levels by 2050 and the creation of a federal Climate Change Credit Corp. that would auction a large share of emission allowances and use the proceeds to promote new technologies.
This is an interesting approach by Lieberman, who has been a leader for years on environmental issues, and John Warner, who...well, has not been a leader. So why is Warner changing his tune? According to Warner, his previous opposition was "prior to a lot of scientific data that has come out." Also, "Warner said he was...prodded by retired Gen. James L. Jones and other former military officers who urged him to back a bill to slow global warming."
Sounds like "geo-green" (a combination of geostrategic and environemntal concerns) to me. Hey, whatever works. But honestly, I never thought I'd be saying, "Joe Lieberman and John Warner to the rescue!"
I really don't know the details of this bill but it sounds a bit too good to be true, my guess is that if it actually does anything Bush will veto it because, you know, saving the world = supporting terrorists.
Do you think Joe and John can gin up a veto-proof majority?
I discussed the new Lieberman-Warner approach over the weekend and linked to the paper (by a Duke professor and former Lieberman aide) it was based on. I think it is a serious effort at regulating a cap-and-trade system appropriately and should be considered -- as long as we watch the fine print closely to make sure that corporate lobbyists don't add any gaping loopholes to it.
RICHMOND, VA - August, 2, 2007 - Michael Lipford, Virginia executive director of The Nature Conservancy, today applauded Sen. John Warner for his bold leadership on climate change..."As a coastal state, climate change poses an especially strong threat to Virginia's land, economy and the welfare of its citizens," Lipford said. "Fortunately for Virginians, Senator Warner recognizes the severity of the threat and is committed to crafting a commensurately strong response."
Let's hope the Nature Conservancy is right, and that Sen. Warner really DOES see the grave threat of global warming for what it is.
The Lieberman-Warner legislation is just one more proposal that won't get the job done on global warming. The U.S. has generated a large proportion of the world's greenhouse gas emissions, and we owe it to the planet to take the lead in fighting global warming. We have to reduce U.S. greenhouse gas emissions by at least 80 percent by 2050, and probably more, but this legislation proposes just a 70 percent decrease-and most of its decrease comes in the distant future, even though major reductions are needed now. The legislation also violates the `polluter pays' principle by distributing many emissions permits for free...