OK, the US hasn’t exactly caught fire in its sudden enthusiasm for deals on a Climate Bill but, it’s a hell of a lot better than what we had seen before, which was nothing before Bush lost control of Congress. Here is a summary of a NY Times article explaining the onslaught of Climate Bills about to be thrown at Congress;
‘Four major Democratic bills have been announced, with more expected. One of these measures, or a blend of them, stands an excellent chance of passage in this Congress or the next, industry and environmental lobbyists said in interviews.
Many events have combined to create the new direction — forsythia blooming in lawmakers’ gardens in January, polar bears lacking the ice they need to hunt and Al Gore’s movie, “An Inconvenient Truth,” along with pragmatic executives seeking an idea of future costs and, especially, the arrival of a Democratic-controlled Congress. There was evidence of the changed mood all over Washington this week.
One sign of the Democrats’ determination to move on climate bills occurred when a Democratic Congressional aide confirmed that Speaker Nancy Pelosi wanted to create a special committee on climate. On Wednesday featured executives of the heavily regulated electric utility industry embracing Senators Dianne Feinstein of California and Thomas R. Carper of Delaware, both Democrats. The senators were offering separate bills to add regulations, including a cap on carbon dioxide emissions.
The various proposals cover among others;
1. Cap on emissions & carbon trading
2. Nuclear subsidies
3. Clean technologies R&D
4. Cleaner fuels investment (e.g. bioethanol)
There are currently 4 Bills with different scenarios. See the NY Times graphic.
Full article here. You may have to look at a small ad before being allowed to see the article … something about American teenagers dieing of pharmaceutical overdoses.