Article by Kyle Danish, Shelley Fidler, Kevin
Gallagher and Tomás Carbonell
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Commentary
The Kerry-Boxer ship launched this week. As expected, it
incorporated a tighter emissions cap for 2020 than the
Waxman-Markey bill. Other noteworthy differences include a somewhat
more robust strategic allowance reserve, but not the price collar
sought by some in industry and the think tank community. On
offsets, the bill giveth on domestic offsets (delaying certain
performance standards that would have precluded certain projects)
and taketh away on international offsets (lowering the ceiling on
use by a hefty 50 percent). Much of the detail on allowance
allocations remains to be resolved. Will such resolution take place
in the Finance Committee? Natural gas interests got a kind of
"cash for coal clunkers" program, but with no source of
cash. The bill, introduced as
