Hill Heat

Former Vice President Al Gore’s statement on the Lieberman-Warner Climate Security Act (S. 3036):

I want to commend Senator Boxer for her leadership of the Environment and Public Works Committee. Thanks to her vision and dedication, we have the first global warming bill in history that is comprehensive, bipartisan and that enjoys support across the country – from labor and agriculture to the business and the environmental communities. Of course the bill needs to be stronger, but it’s vital that Congress begin to act. While it’s important that people change their light bulbs, it’s even more important that we change the laws.

On Saturday, May 31st, Senator Boxer gave the Democratic Radio Address on this week’s upcoming debate on the Lieberman-Warner Climate Security Act (S. 3036).

Right now, many of our states, including my home state, are leading. They have the will. Our mayors are leading. They have the will. Religious leaders have urged us to act now as well. They reminded me of a wonderful quote that motivates me to work as hard as I can for as long as it takes to responsibly address global warming. These words stay with me: “When God created the first man, he took him around to all the trees in the Garden of Eden and said to him ‘see my handiwork, how beautiful and choice they are. Be careful not to ruin and destroy my world, for if you do ruin it, there is no one to repair it after you.’”

The full text of the address is below.

The conservative Club for Growth has launched a $250,000 radio and television campaign targeting several coal-state senators in opposition to the Lieberman-Warner Climate Security Act (S. 2191/3036). The Environmental Defense Action Fund, the C(4) side of the Environmental Defense Fund, has also begun a much larger $4 million campaign that comes on top of the estimated $8.5 million already spent this year in support of the cap-and-trade legislation.

The text of the Club for Growth ad running in Tennessee:

Congress is at it again. This time they’re pushing massive new taxes and regulation in the name of global warming. But let’s ask ourselves, are the unproven benefits of legislation worth the major job losses, new taxes and increased energy costs that could result?

Call Senator Lamar Alexander and tell him to vote “no” on the Lieberman-Warner climate bill. Tennesseans just can’t afford another huge, costly government program.

Club for Growth	Environmental Defense

On Wednesday, Sen. Olympia Snowe (R-Maine) announced her support for S. 3036, saying it “mirrors closely” the Kerry-Snowe Global Reduction Act (S. 485), which calls for a 65 percent reduction from 2000 levels of greenhouse gases by 2050. Snowe also noted that language from the Feinstein-Snowe Emission Allowance Market Transparency Act (S. 2423) was included in the manager’s mark.

Unlike Lieberman-Warner, Kerry-Snowe also sets a goal of achieving a greenhouse gas stabilization target of 450 ppm, and calls for the establishment of vehicle emissions standards. In Snowe’s press release, she states that Lieberman-Warner “would reduce greenhouse gas emissions by at least 66 percent by 2050,” although NRDC analysis of the bill finds that Lieberman-Warner would only achieve reductions between 60 to 65 percent from 2000 levels.

On Wednesday, Senate Majority Leader Harry Reid (D-Nev.) introduced Sen. Barbara Boxer’s (D-Calif.) manager’s mark of the Lieberman-Warner Climate Security Act (S. 2191) as a new bill, numbered S. 3036. S. 3036 will be the vehicle for the floor debate of the cap-and-trade legislation. On Thursday, Reid filed for cloture on a motion to proceed onto the bill, setting the stage for a 5:30 p.m. vote on June 2, one week from Monday. According to E&E News, “Few expect the vote to be contentious.”

“It may even end up being 99-0,” said Andrew Wheeler, staff director for Senate Environment and Public Works Committee ranking member James Inhofe (R-Okla.). Inhofe plans to back this procedural step as a gateway to a bigger debate over the merits of the legislation, Wheeler said.

Reid, Boxer, and the bill’s co-sponsors, Joe Lieberman (I-Conn.) and John Warner (R-Va.), have not determined what terms they will seek for the debate and amendment process. Reid has the option of exerting privilege to block unwanted amendments by “filling the tree” with his own.

Download the Full document. Titles are after the break.

Representatives from CRS, EIA, EPA, and CBO discuss their economic analyses of Lieberman-Warner (S. 2191) and other emissions-controlling climate legislative proposals.

Witnesses

• Brent Yacobucci, Congressional Research Service
• Dr. Larry Parker, Congressional Research Service
• Dr. Howard Gruenspecht, Deputy Administrator, Energy Information Administration
• Dr. Brian McLean, U.S. Environmental Protection Agency
• Dr. Peter Orszag, Congressional Budget Office

20/05/2008 at 10:00AM

Sen. Barbara Boxer (D-Calif.) has released an overview of the “global warming substitute amendment” to the Lieberman-Warner Climate Security Act (S. 2191) that will be the subject of debate during the first week of June.

Changes from the version of Lieberman-Warner that was passed out of the Committee on Environment and Public Works last year include:

• Title V, Subtitle C: Emergency Off-Ramps. “If the price of carbon allowances reaches a certain price range, there is a mechanism that will automatically release additional emission allowances onto the market to lower the price. The additional allowances are borrowed so that the environmental integrity of the caps over the long term is protected.”
• Title V, Subtitle I: Financial Relief for Consumers. “The bill sets aside a nearly $800 billion tax relief fund through 2050, which will help consumers in need of assistance related to energy costs. The precise details of the relief will be developed by the Finance committee.”
• Title XIV: Deficit Neutrality. “This section auctions allowances and transfers the proceeds to the Treasury to ensure that the bill is deficit-neutral.”

Full document.

Darren Samuelson of E&E News reports that Sen. George Voinovich (R-Ohio), with assistance from the White House, is working on a legislative alternative to the Lieberman-Warner Climate Security Act (S. 2191). The version of the plan that E&E News acquired included:

• Voluntary goals of 2006-level emissions by 2020 and 1990 levels by 2030
• Tax incentives for advanced coal and nuclear power
• A “backstop” cap-and-trade program

The IPCC Fourth Assessment Report outlined the need for industrialized nations to achieve reductions of 25-40% below 1990 levels by 2020, targets the Annex I Kyoto signatories recognized in Bali.

From E&E News:

On the other side of the climate debate, Sen. George Voinovich (R-Ohio) is taking the lead in writing his own climate change bill that could come up as an alternative to the Lieberman-Warner measure.

Sources on and off Capitol Hill started circulating details of Voinovich’s proposal last week. An executive summary of the Voinovich plan obtained yesterday by E&E Daily shows a plan heavy on tax incentives for new energy technologies such as “clean coal” and nuclear power, with a cap-and-trade program used as a backstop if the low- and zero-carbon energy sources do not meet certain milestones.

The summary said those milestones would be to reduce U.S. emissions to 2006 levels by 2020 and 1990 levels by 2030. Voinovich spokesman Chris Paulitz said yesterday that the summary was “well outdated,” though he did confirm the senator was working on alternatives.

“He’s trying to figure out a way to make the environment cleaner that doesn’t kill our economy,” Paulitz said. “Right now, there’s not a bill in the Senate that does those two things.”

Voinovich is getting help from the Bush administration on his climate proposal, as well as others. “We’re working with everybody who we can humanly think of,” Paulitz said. Of the White House, he added, “It’d be silly to exclude a branch of government that would play a key role.”

Witnesses

• Peter R. Orszag, Director, Congressional Budget Office
• Robert Greenstein, Executive Director, Center on Budget and Policy Priorities
• Henry Derwent CB, President and CEO, International Emissions Trading Association

24/04/2008 at 10:00AM