Thoughts on the House climate bill
Monday, June 29th, 2009On Friday I eagerly waited to hear news on whether the U.S. House of Representatives had passed the climate change bill, called the American Clean Energy and Security Act. When I finally heard the news that it had done so, I gave my wife a high-five.
The legislation is far from perfect, but it’s clear that given the way our political system works, this is the best we could get from the House right now. Finally as a nation we have begun to take responsibility for the changes that we are making in the climate. Too often in the past, our actions on this issue have been shameful. Still, advocacy group emails are saying that the fight over the bill in the Senate will be even tougher, as Republicans deride the bill as simply an “energy tax” and many Democrats succumb to coal and oil interests in their states.
I have a family connection to this legislation as well. My brother-in-law is an economist working on the legislation for the House Select Committee on Energy Independence and Global Warming, chaired by Rep. Ed Markey (D-Mass.).
Here are some of the key provisions of the bill, as reported in a press release from that committee: Read the rest of this entry »