Blog: Climate Change Debate Begins
Global climate change is a major policy issue before Congress this year and the final form of any legislation will have major ramifications on every aspect of our economy. All stakeholders should be part of the debate. To that end, I thought I would update you on the status of legislation.
On May 14, 2009, House Energy and Commerce Chairman Waxman (D-CA) and Energy and Environment Subcommittee Chairman Markey (D-MA) released their updated "American Clean Energy and Security" legislation, including proposed allowance allocations for the cap-and-tax regime. The legislation contains four sections outlining mandates for renewable energy, mandates for energy efficiency, a cap-and-tax proposal, and a "transitioning" section focused on forestalling expected job loss. The legislation is being debated in the Energy and Commerce Committee this week.
I will work with my colleagues to ensure that a balanced is taken to any legislation as it progresses through Congress, so that we not only sustain and protect our environment, but foster innovation in new energy technologies, drawing from a wide range of renewable energy resources, all while not unduly raising costs to the consumer.