Kerry and Lieberman Circulating Utility-Only Bill
As expected, Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) are circulating a new draft of their climate change proposal among industry and
Jul 31, 202021.7K Shares3.1M Views
As expected, Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) are circulating a new draft of their climate change proposal among industry and environmentalist stakeholders. The draft, which was obtained late last night by The Hill, would cap greenhouse gas emissions in the utility sector, but also includes economy-wide emissions reduction goals.
The bill has the same overall emissions reduction goals as an earlier proposal from Kerry and Lieberman: It would aim to reduce emissions 17 percent below 2005 levels by 2020; 42 percent by 2030; and 83 percent by 2050. But it appears the only hard cap in the bill is on the power sector, which would be required to reduce emissions by those same amounts. It’s unclear how the rest of the economy would be expected to meet those targets.
The prospects for passage of a utility-only bill remain in doubt, as sources on and off the Hill, even some Democrats, question whether such a proposal can muster the necessary 60 votes, as I wrote today.
More to come as I go through the bill in more detail.
*Update: *Here’s the draft in full:
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles