Cap and Trade Rules
Boxer Unveils Climate 'Principles' for Future Legislation

February 4, 2009

California Sen. Barbara Boxer predicted on Tuesday
Congress will draft greenhouse gas cap-and-trade legislation before the
international climate change negotiation in Copenhagen in December.
The chair of the Senate environment and public works committee said she reached
agreement with other Democrats on the committee to offer six broad but vague
principles that will guide any future climate change legislation.

The principles include: reducing emissions to levels recommended by science to
avoid the worst impacts of climate change; enforceable short- and long-term
emissions targets; setting up a carbon market; cleantech investment; support for
local and state governments to help adapt to climate change; and supporting
developing nations.

The announcement drew both praise and criticism. The chairman and CEO of
electricity provider FPL Group hailed Boxer for offering a path forward on
climate change.

“By releasing these principles, she has demonstrated that if we muster the
political will, we can pass meaningful climate change legislation this year,”
Lew hay said in a statement. “We must create a new clean-energy economy for the
21st century -- one that will create jobs and help pull our economy out of
recession, strengthen our energy security, and address the threat of global
climate change.”

Sen. James M. Inhofe, the top Republican on the panel from Oklahoma who is
skeptical of climate change, issued a statement of his own.

"At a time when Congress is debating a near-term multi-billion-dollar bailout
for the American economy, once again the Democrats are proposing principles for
climate legislation that will impose a long-term multi-trillion-dollar energy
tax on families and workers,” he said.


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