Let the horse-trading on the big energy and climate bill begin. Energy and Commerce Committee Chairman Henry Waxman’s ready to offer industries and utilities up to 55% of the carbon-emissions permits for free, in addition to scaling back emissions-reductions targets, Bloomberg reports.
Is that even necessary? A new report from the Pew Center says U.S. manufacturing would see just a modest hit from a cap-and-trade program, much of which could be cushioned with rebates, in Climate Wire. “The bottom line is that fear of competitive harm should not stand as an obstacle to strong climate policy,” Pew says in FT’s Energy Source.
Source: Green Ink