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Compromise Measure Aims to Limit Global Warming
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Jul 16, 2007 12:58am |
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| Category | News |
| Media | Newspaper - New York Times |
| News Date | Wednesday, July 11, 2007 06:00:00 AM UTC0:0 |
| Description | By JOHN M. BRODER
Published: July 11, 2007
WASHINGTON, July 10 — Influential senators from both parties, backed by unions and some large electrical utilities, will unveil a new global warming proposal on Wednesday that could form the basis of a climate change compromise that has so far eluded Congress.
The complex measure, sponsored by Senators Jeff Bingaman, Democrat of New Mexico, and Arlen Specter, Republican of Pennsylvania, would put in place a firm limit on emissions of heat-trapping gases that most scientists say are causing the warming of the planet. Like other so-called cap-and-trade schemes, it would allow companies to buy and sell the right to emit carbon dioxide, which is seen as the chief culprit in global warming.
But to secure labor and corporate support, the measure also places a limit on the price industry would have to pay for such permits. And to win the endorsement of Alaska’s two Republican senators, the bill contains billions of dollars in new money to help their state cope with the effects of climate change on roads, bridges and coastal areas.
The Bingaman-Specter bill faces opposition from some environmental groups who say it does not go far enough. The White House, which so far has opposed any mandatory system of caps on carbon emissions, is also expected to resist the measure.
A half-dozen other climate change measures are now pending before Congress, many of which include more ambitious targets for reducing gas emissions. But supporters of the new proposal say it offers many new ideas endorsed by important players in the debate and presents the best chance of getting some form of carbon-control regime in place by the end of next year. It was written in conjunction with the National Commission on Energy Policy, a privately financed group formed in 2002 to try to find a bipartisan solution to climate change. |
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