Six weeks ago, it looked as if there was no chance that Congress would approve climate change legislation this year.
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Passage of health-care legislation, however, may have changed all that.
Democrats and their liberal supporters saw how much good could be accomplished by not allowing the perfect to be the enemy of the good. And Republicans and the business lobby were reminded of the concessions they could have won but didn't by their decision to abandon bipartisan compromise and instead try to kill the legislation altogether.
Now, thanks to the heroic efforts of two dogged senators -- Democrat John Kerry and Republican Lindsey Graham -- and the quiet support of the White House, there looks to be a 50-50 chance the Senate will pass a simpler and more moderate version of a bill this year that would begin to substantially reduce carbon emissions in the United States.
Many in the environmental community have come around to Kerry's view that this is the best shot they are going to have anytime soon at passing comprehensive energy and climate change legislation. And parts of the business community have come around to Graham's view that they can't afford another decade of uncertainty over regulatory issues, particularly with an activist Democrat in control of the regulatory agencies, just as they cannot afford to alienate an entire generation that has a keen interest in the environment and doesn't look kindly on their intransigence.
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/15/AR2010041505755.html?hpid=topnewsThe bill still seems overly complex to me.
Electrical Power will be a Cap & Trade System.
Manufacturing/Industry will be exempt until 2016 then join the Cap & Trade.
Gasoline & Heating will not be included in C&T system and instead will have a flat carbon tax applied.
Americans will get tax credit (dividend portion of the tax & dividend) to offset higher prices.
Still I guess it is a first step towards a low carbon future.