Democrats on the House Energy and Commerce Committee next week will begin debating one of the most critical pieces of the Waxman-Markey climate bill: how the government will distribute the emissions permits, and the corresponding “allowance value,” under a cap and trade program for greenhouse gases. The formula Congress arrives at will be key to managing consumer costs. As events unfold over the next few weeks, here are a few things to keep in mind: 40 Percent to Consumers. A group of key swing Democrats have requested that 40 percent of the allowances initially be given for free to the …
Get Grist in Your Inbox
Tony Kreindler is national media director for climate at Environmental Defense Fund.
An eagle stole a video camera and made this cinematic masterpiece
Black widows found on grapes in several states; time to stop eating all food
Kidnapped Ethiopian girl rescued by caring, protective lions
New whale species discovered under highway
You will not be able to stop looking at this penis snake