Difference between revisions of "Warner-Lieberman Climate Security Act"
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| − | + | The "Climate Security Act" (Senate Bill 2191), sponsored by Barbara Boxer (D-CA)<ref>http://thomas.loc.gov/cgi-bin/bdquery/z?d110:s.03036:</ref> and styled after a previous bill sponsored by [[Joe Lieberman]] (I-CT) and [[John Warner]] (R-VA), is a proposed law that would implement a [[cap-and-trade]] system for [[greenhouse gas]]es in the [[manufacturing]], [[transportation]], and [[power]] sectors, with the intention of curbing anthropogenic [[global warming]]. Under the proposed system, companies would be able to expel certain amounts of greenhouse gases up to a quota, after which they could purchase credits to increase their quota from other companies. The intention of the bill is thus to employ market forces to make becoming more [[environment]]ally conscious of greenhouse gases into a profitable endeavor, since the companies that expel fewer will be at a strategic advantage in the marketplace. | |
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| + | Critics of the bill believe it would increase government bureaucracy needlessly, since it contains provisions for four additional government entities to administer the bill's intent, and that the law would not effectively address the issue of climate change. Patrick Michaels of the [[Cato Institute]] has said that the bill is "going to cost trillions and do nothing measurable about [[climate change]] in the foreseeable future."<ref name=pmtrill> [http://www.cato.org/pressroom.php?display=ncomments&id=34 Cato Scholar Comments on Warner-Lieberman Climate Security Act] - May 30, 2008 - [[Patrick J. Michaels]], senior fellow in environmental studies</ref> | ||
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==Notes== | ==Notes== | ||
Revision as of 21:09, June 3, 2008
The "Climate Security Act" (Senate Bill 2191), sponsored by Barbara Boxer (D-CA)[1] and styled after a previous bill sponsored by Joe Lieberman (I-CT) and John Warner (R-VA), is a proposed law that would implement a cap-and-trade system for greenhouse gases in the manufacturing, transportation, and power sectors, with the intention of curbing anthropogenic global warming. Under the proposed system, companies would be able to expel certain amounts of greenhouse gases up to a quota, after which they could purchase credits to increase their quota from other companies. The intention of the bill is thus to employ market forces to make becoming more environmentally conscious of greenhouse gases into a profitable endeavor, since the companies that expel fewer will be at a strategic advantage in the marketplace.
Critics of the bill believe it would increase government bureaucracy needlessly, since it contains provisions for four additional government entities to administer the bill's intent, and that the law would not effectively address the issue of climate change. Patrick Michaels of the Cato Institute has said that the bill is "going to cost trillions and do nothing measurable about climate change in the foreseeable future."[2]
Notes
- ↑ http://thomas.loc.gov/cgi-bin/bdquery/z?d110:s.03036:
- ↑ Cato Scholar Comments on Warner-Lieberman Climate Security Act - May 30, 2008 - Patrick J. Michaels, senior fellow in environmental studies