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Download The Climate Stewardship and Innovation Act of 2005 S. 1151
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Transcript
The Climate Stewardship and Innovation Act of 2005 S. 1151 Tess C. Barton Environmental Policy 8 December 2005 History of Legislation Climate Stewardship Act of 2003 Climate Stewardship Act of 2005 Introduced 22 June 2003 Voted down, 43-55 Introduced to Senate 10 February 2005 (S. 342) Introduced to House 10 February 2005 (H. 579) Climate Stewardship and Innovation Act of 2005 (S. 1151) Introduced 26 May 2005 Voted down, 38-60 Specifics of S. 1151 Sponsored by John McCain (R-AZ) and Joseph Lieberman (D-CT) Caps emissions of 6 GHGs at 2000 levels by 2010 and 1990 levels by 2016 Subsidizes development of 3 Nuclear Power Plants Establishes Flexible Mechanisms (up to 15%) Tradable Emissions, Carbon Sequestration, Non-Covered Entities, Borrowing against future allowances Establishes a National Greenhouse Gas Database Establish standards for measurements for emissions Establishes a Climate Change Credit Corporation- distribution of funds for assistance Includes fellowships and grants for research on climate change and impacts Incentives for cleaner technologies Non-compliance results in penalty of 3 times market price of allowances Arguments In favor of S. 1151 Most Environmental NGOs Environmental Defense, National Resource Defense Council, African American Environmentalist Association, National Wildlife Federation Conference of Catholic Bishops Opposed to S. 1151 Energy Sector Oil Industry Some Environmental NGOs- nuclear development Minnesota Environmental Action Network Strategies and Philosophies Strategies Re-introduction of same Act Introduction of similar versions in House and Senate on same day Introduction of updated Act Philosophies Market-based Allocation (Flexible Mechanisms) State-based Scientism (Government funded research) Liberal Pluralism (Incorporation of different interests) Conclusion Great step toward proactive U.S. climate policy Considers great number of interests Poor, Threatened wildlife, Farmers Flexible mechanisms- economic consideration Research and educational development Nuclear development not necessary
