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

planetwatch

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

Major 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.

The Senate cuts up the emission allocations 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

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