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Article by
Kyle Danish, Shelley Fidler, Kevin Gallagher, Megan Ceronsky,
Tomás Carbonell
Commentary
In the Senate, who will draft provisions for distributing
allowances? Boxer? Baucus? Reid? All of the above? . . . Ten
Senators from manufacturing states sent a joint letter emphasizing
the importance of having border adjustment measures in any
cap-and-trade program . . . Suddenly, there is a lively discussion
about an allowance "price collar" – provisions
that would set a floor and a ceiling for allowance prices. Both
Brookings and the National Commission on Energy Policy released
papers advocating such an approach, and it was a topic of
discussion at this week's Senate Finance Committee hearing. The
papers are critical of the ACES "strategic allowance
reserve," which might address, at best, volatility, but would
not be effective in address
