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 …
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Tony Kreindler is national media director for climate at Environmental Defense Fund.