Revision of global warming bills from June 2, 2008 - 1:04pm
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After years of being sidelined in DC, global warming finally takes congressional center stage in June '08 - with the Senate debating a bill that would notch down greenhouse gas emissions by 63% by 2050.
Given the president is likely to veto any climate change bill with mandatory caps on emissions, though, the debates this year will be mostly for show - but they could set up the terms for a global warming bill that has a good shot at passing next year.
To help our readers keep track of what's in the bills Congress is seriously considering, CitizenJoe offers this running tally.
In the Senate
The frontrunner bill in the Senate, S 3036 (which looks like its a version of S 2191), comes up for debate the week of June 2, when senators are poised to offer up a bunch of amendments.
The bill
Since details on S 3036 are lacking, we're assuming that the legislation looks like S 2191, which is the model for 3036 and which has been in the works for months.
- goals: the Senate's bill would set a goal of bringing greenhouse gas emissions down by about 63% by 2050 (setting a target of 70% in emission cuts for about 80% of all greenhouse gas emitters)
- method: cuts would be acheived by setting up a "cap and trade" system that sets limits on how much green house gas different industries can emit and notching down those caps over time. Meanwhile corporations can "trade" some of their ability to emit gases - that way a big emitter can either choose to figure out a way to cut down on how much they spew or can pay off another company to be super-clean and, in effect, balance out its emissions.
- impact on gas prices: senators are likely to bring up how the cost to industry will translate into higher gas prices.
The amendments
A few amendments that may come up in debating S 2191 include
- nulear energy: as the bill stands, it doesn't encourage nuclear power to be part of the global warming solution. Some senators may try to change that, proposing amendments that would give incentives for the development of new nuclear power plants, arguing that nuclear energy does nothing to heat up the atmosphere. Anti-nuke advocates, who caution that nuclear waste creates problems of its own, of course will try to stand in their way.
- consumer rebates: senators may also offer up a handful of proposals on how to use the $7 trillion (over 40 years) that the bill would churn up from selling off emission credits. Options include sending that cash back to consumers either through tax refunds for all, directed consumer tax credits for energy use or credits to utility companies that can be passed along to the consumer.

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