Abstract
AS LAST WEEK began, odds appeared good that the full Senate would finally debate climate change via S. 3036, the bill authored by Sens. Joseph I. Lieberman (I-Conn.) and John Warner (R-Va.) and amended by Sen. Barbara Boxer (D-Calif.). By late in the week, however—after Republican and Democratic news conferences, demonstrations on Capitol Hill, and promises from many legislators—the chance of such talks seemed to be slipping away. The bill being considered is the first climate-change bill to reach the Senate floor. It calls for a 2% annual reduction in greenhouse gas emissions from 2005 levels. The result would be 4% lower greenhouse gas emissions by 2012, growing to a 66% reduction in total U.S. greenhouse gas emissions by 2050. The reductions would be achieved through an ever-tightening cap on greenhouse gas emissions from a mix of power plants, chemical companies, oil refineries, and other facilities. The bill would create a complex system to trade ...
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