Sens. Barbara Boxer and John Kerry are expected to release their version of a climate bill tomorrow. News reports say the bill is meant to be a starting point for the Senate's deliberations.
Although reports say it will be based on the Waxman-Markey bill that passed narrowly through the House, it will lack detail on many of the key issues. For example, it will not prescribe how carbon allowances are supposed to be distributed among various industries. And unlike the House bill, the Senate version will contain nuclear power and clean coal provisions.
The Senate's climate legislation also will propose a tougher limit on carbon emissions than the Waxman-Markey bill. It will seek to reduce emissions by 20 percent of the 2005 level in 2020, rather than the 17 percent reduction contained in the... more »
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