Weekly Climate Change Policy Update - October 12, 2009

Article by Kyle Danish, Shelley Fidler, Kevin Gallagher, Megan Ceronsky and Tomás Carbonell

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Commentary

The Bangkok talks resulted in minimal progress toward a successful post-Kyoto agreement in Copenhagen . . . In the October 11 New York Times, Sen. John Kerry (D-MA) and Sen. Lindsey Graham (R-SC) suggested that the magic formula for Senate passage of a climate bill has five ingredients. According to the new bipartisan climate duo, the bill must create a program that: (1) is market-based; (2) invests in nuclear power; (3) provides incentives for carbon capture and sequestration, and achieves an environmentally-sensitive compromise on new onshore and offshore oil and gas exploration; (4) considers a border tax that can be consistent with World Trade Organization disciplines; and (5) protects businesses (and ultimately consumers) from energy