Podcast: Senate Climate Bill Cuts-up Smaller Allocation Pie Than House Version

[podcast]https://globalwarmingisreal.com/wp-content/uploads/2009/10/climate_news-10-29.mp3[/podcast]

The Senate cuts up the emission allocations pieMajor differences begin to emerge between the Senate and House versions of cap-and-trade legislation. Due to more stringent budget requirements – known as the “CBO haircut” –  in the Senate, the Kerry-Boxer bill is forced to dole out emissions allowances from a smaller pie. A difference that Boxer didn’t highlight when the 923-page draft bill was released late last Friday, but that is becoming apparent to those vying for a piece of the pie.

Sources and further reading:
New York Times/E&E News (subscription)
Grist – How CBO budget scoring devalues efficiency… with PUPPIES!
Climate Progress

Reported by Energy and Environment senior correspondent Darren Samuelsohn, podcast by GWIR editor Tom Schueneman

Thomas Schueneman
Thomas Schuenemanhttps://tdsenvironmentalmedia.com
Tom is the founder and managing editor of GlobalWarmingisReal.com and the PlanetWatch Group. His work appears in Triple Pundit, Slate, Cleantechnia, Planetsave, Earth911, and several other sustainability-focused publications. Tom is a member of the Society of Environmental Journalists.

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