Weekly Climate Change Policy Update - March 30, 2009.
Mondaq Business Briefing › Nbr. 2009, January 2009
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Weekly Climate Change Policy Update - March 30, 2009.
Article by Kyle Danish, Shelley Fidler, Kevin Gallagher, Megan Ceronsky and Tom[sz]s Carbonell
To receive the Weekly Update via email, visit our Sign Up/Subscribe page http://www.vnf.com/news-signup.html Commentary Legislators introduced a number of climate-related bills in the past week. However, the climate change legislative season really begins on March 31. On that day, Rep. Ed Markey (D-MA) – Chairman of the Energy & Environment Subcommittee of the House Energy & Commerce Committee – will release his draft cap-and-trade bill. Chairman Markey and full committee Chairman Henry Waxman (D-CA) have been laying groundwork for release of the draft through meetings with their relatively more centrist brethren on the Committee. The outreach process already has yielded a letter to President Obama co-signed by Waxman, Markey, and past Chairmen John Dingell (D-MI) and Rick Boucher (D-VA). The letter encourages the President to enact legislation this year; but the letter also discourages use of the budget reconciliation process for that purpose . . . Some things to look for in the Markey draft: the emission targets and timetables, how allowances are distributed, rules for offsets, market oversight provisions; treatment of existing state and regional programs . . . Both the House and Senate also are moving energy bills. Senator Jeff Bingama...See the full content of this document
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