Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. Climate Change Coal Emissions Natural Gas Oil Policy

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. As Senators Graham, Kerry and Lieberman try to resuscitate the climate change bill by introducing a revised bill in mid-to-late April, twenty-three U.S. Western Climate Initiative (WCI). Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and.

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