Tuesday, May 11, 2010

Is this even a climate bill anymore?

John Kerry and Joe Lieberman have finally unveiled their "climate change" bill. It is very surprising that it does not have significant Republican backing as it hardly does anything good. It promotes nuclear power, regulates some offshore drilling, gives 2 billion dollars to the coal industry for research, among other things. It does not address the huge carbon footprint of industrial agriculture, as the entire agricultural sector is exempt from the carbon trading scheme. The bill does very little to promote renewable energy or public transportation, two central pillars of a green economy. It contains huge carve outs for industries that senate Democrats will need on board such as coal and natural gas. The bill sets a 17% reduction in carbon emissions by 2020 as its goal, but this is exactly that, a goal.

This bill is in its current form because of bipartisan negotiations with Lindsay Graham, who pulled his support at the last minute due to his frustration about the immigration debate. I won't comment much on this move, but it does present a problem. If this is the starting legislation in the senate, the final legislation will be significantly more conservative than this. Anything more conservative than this will start to do more harm than good. I've always argued the most sound way to combat climate change is to restructure the economy through incentives to one that is more environmentally friendly. This bill really will not do this. It can be thought of as more of an "energy independence" plan. After all, that is why the authors named it the American Power Act.

With legislation like this, the argument for a piecemeal approach to climate change solutions grow. Harry Reid declared earlier this week that he is open to a smaller bill that is targeted at renewable energy such as wind and solar. To many environmentalists, this may seem like a non-starter. Though a piecemeal approach would ultimately be less effective, it would be a much more efficient way of doing things at the moment. Harry Reid claims there is bipartisan backing for a renewable energy bill in the senate right now. If he is right, we would do well to move a very progressive energy bill without 2 billion for coal stuffed in. This could be followed by increased energy efficiency standards from the EPA and other congressional measures to address agriculture, such as a sensible farm bill. One thing is for certain, this bill will not do.

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