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

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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.

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

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The Cantwell-Collins plan is almost exactly what Mr. Obama proposed in the campaign and after first taking office–a 100 percent auction of permits and a large tax rebate to the public. The federal American Clean Energy and Security Act proposes to disburse dividends via tax refunds to all U.S. nationals and legal residents.

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