In the middle of September 2007, Rick Boucher (D-W.Va.), chair of the the the Energy and Air Quality Subcommittee of John Dingell’s Energy and Commerce Committee, announced he would be releasing a series of white papers “over the next six weeks” on issues related to the development of climate change legislation.
October saw the first such paper, Scope of a Cap-and-Trade Program.
16 weeks later, he has released the second, Competitiveness Concerns/Engaging Developing Countries.
Since the U.S. cannot unilaterally bind other countries, our goal will be to craft legislation limiting U.S. carbon emissions that also induces developing countries to limit their emissions growth (1) on a timetable that meets both environmental and trade competitiveness concerns; (2) in a manner that is reasonably certain to withstand challenge before the World Trade Organization (WTO); and (3) on terms that pose acceptable risks to U.S. interests in the event of a negative WTO determination.
The white paper, which draws from a March 27 subcommittee hearing on international issues, discusses the IBEW/American Electric Power proposal of applying a “greenhouse gas intensity tariff” (which was included in Bingaman-Specter and Lieberman-Warner); the “carbon intensive” performance standard proposal; and the Environmental Defense “carrots and sticks” proposal for carbon market design.
The “questions for further discussion” are listed after the jump.