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ARTICLE · 11 FEBRUARY 2009

Weekly Climate Change Policy Update - February 9, 2009

Chairman Boxer issued a set of "principles" for climate change legislation.

United StatesEnergy and Natural Resources

Article by Kyle W. Danish, Shelley N. Fidler, Andrea Hudson Campbell, Kevin M. Gallagher and Megan Ceronsky

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Commentary

Chairman Boxer issued a set of "principles" for climate change legislation. The principles are, for the most, fairly high-level and spare -- the document did not specify an emissions target. Notably, the most detailed part of the principles elaborates a wide-ranging list of recipients of "carbon market revenues," including consumers, clean energy initiatives, wildlife programs, and adaptation initiatives in developing countries. This approach seems likely to arouse some of the critics who said that the Lieberman-Warner bill became too much like an appropriations program. In addition, the principles emphasize the importance of ensuring continued progress for state and local efforts . . . Indeed, the week was full of news related to

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