legislation

Lots of important news on climate policy, hastily summarized

I’m at the airport, using a painfully slow wi-fi connection, boarding in about 20 min., and the “c” key on my keyboard is on the fritz and works about once every three times I hit it. (Just what you want before a liveblogging weekend!) However, there are a few key pieces of news I need […]

The Western Climate Initiative’s first proposal ducks biggest climate problem

The Western Climate Initiative is a path-breaking effort. Insufficient federal progress prompted seven states and two provinces to join together to reduce climate pollution by means of an economy-wide cap-and-trade program. It's a momentous opportunity, and many folks have been working hard to ensure that it's a success.

Unfortunately, there's now cause for serious concern.

Yesterday evening, WCI released its draft proposal (PDF). It proposes an initial cap that would cover less than half of the region's total emissions. Most surprisingly, WCI does not recommend including emissions from transportation fuels, by far the largest source of climate pollution in the West. [Update 3/7: The recommendation doesn't exclude transportation precisely, but rather defers the decision until further economic studies are completed.]

The proposal is at odds with WCI's own stated principles that include a commitment to cover "as many emissions sources as practical." And for an effort born of frustration with federal lawmakers, it's bizarre that the proposal is significantly smaller in scope than recent federal bills (PDF), including Leiberman-Warner.

There are no big technical challenges to including transportation fuels. In fact, the WCI admits that while there are a couple of hurdles, it's administratively feasible to include transportation emissions. So what's going on?

No one knows for sure.

Bush touts his climate leadership

I have nothing pithy to add to this story, but only because the inanity of the quotes is so hard to top.

From Restructuring Today ($ub req'd) (my emphasis on the good bits):

Dingell to debut House climate bill in April

Dingell says he’ll release a draft of a House climate change bill for comment and feedback in mid-April (sub rqd).

Congress bombarded with requests for renewable tax package

This post is by ClimateProgress guest blogger Kari Manlove, fellows assistant at the Center for American Progress.

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Over 100 retailers, manufacturers, and trade and advocacy groups have sent a familiar message to the Senate: Pass the renewable energy tax package!

About two weeks ago, over 500 members of the American Council on Renewable Energy also sent a letter to Congress encouraging the renewable of the production and investment tax credits. Ever since these tax provisions were cut from December's energy bill, support for them has been snowballing.

The core progressive issue in the fight over climate legislation

The following post was originally published on The Nation’s guest blog, Passing Through, where I was in residence throughout February. It is a rudimentary introduction to cap-and-trade and the question of allocating permits, an argument (or three) in favor of auctioning permits, and a review of the political state of play around the question. The […]

Global warming solution studies overestimate costs, underestimate benefits

Dan Weiss, the Director of Climate Strategy at the Center for American Progress, has written an excellent piece on why we can expect a series of flawed economic analyses of the Lieberman Warner Climate Security Act (S. 2191) in the coming months:

Many of these studies will likely predict that the reductions of greenhouse gases required by the cap-and-trade system will lead to huge hikes in electric rates, reductions in jobs, and all sorts of other economic havoc.

But these studies also have one other common element: They will eventually be proven wrong once the program is underway.

These studies base their cost assumptions on existing technologies and practices, which means that they do not account for the vast potential for innovation once binding reductions and deadlines are set. The Lieberman Warner Climate Security Act anticipates the need for innovation and creates economic incentives to spur engineers and managers to devise technologies and methods to meet the greenhouse gas reduction requirements more cheaply.

This isn't the first time that pollution control studies have produced inaccurate predictions about the future. Remember what analysts predicted about acid rain controls from 1989 to 1990?

And the article continues on to review that history and then look at the important reports of McKinsey & Co and Nicholas Stern, which makes clear the cost of action is far, far lower than the cost of inaction.

If you're interested in the IPCC's take on this -- they explain why the literature is clear that action is not costly -- this post summarizes what they report.

House tax package

The House just passed the tax package that was voted down late last year as part of the energy bill. It contains tax incentives for renewables, paid for by removing some of the Big Oil subsidies from the 2005 Energy Bill. It also closes a fuel efficiency loophole for SUVs. More later.

After all the fuss, looks like we might get an extension of the 2002 farm bill

Photo: iStockphoto Remember the farm bill — the omnibus federal legislation that generated so much sound and fury last year? Like a downer cow slouching toward its executioner, the farm bill still lives, sort of. The House, Senate, and president are haggling over it, squabbling over the bill’s price tag and how it will be […]