Senate plan would ditch cap-and-trade

Feb. 27, 2010 at 12:15 PM

WASHINGTON, Feb. 27 (UPI) -- A U.S. Senate plan to ditch the "cap-and-trade" approach to climate legislation may represent the best shot at passing a bill this year, the Sierra Club said.

"The Senate is understanding this is not a simple problem -- it's multiple problems, and it requires multiple solutions," Carl Pope, executive director of the Sierra Club, told The Washington Post in a story published Saturday.

A plan developed by Sens. Lindsey Graham, R-S.C., John Kerry, D-Mass., and Joseph Lieberman, Ind-Conn., would apply different carbon controls to individual sectors of the economy instead of setting a national target.

The plan would kill the cap-and-trade approach in which facilities would buy and sell pollution credits to meet a national limit on gas emissions.

Graham, Kerry and Lieberman propose cutting greenhouse gasses by targeting electric utilities, transportation and industry, the Post reported.

Utility plants would face an emissions' cap that would become stricter over time. Motor fuel could be subject to a carbon tax whose proceeds could help boost the U.S. transportation sector. Industrial facilities could be exempted from a cap on emissions for several years and then a cap would be phased in, the Post said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules