Article by Kyle W. Danish, Shelley N. Fidler,
Andrea Hudson Campbell and Kevin M. Gallagher
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Commentary
The major news of the week is the release of the
Dingell-Boucher discussion draft. In both content and process, the
draft is a departure from the Boxer-Lieberman-Warner program. In
content, the draft proposes a moderate start, but an ambitious
long-term emissions reduction path. Notably, the draft also brings
forward the concept of an allowance reserve available for periodic
auction – a cost containment approach that first appeared
in a more complicated form in the Boxer Manager's Amendment. In
terms of process, the Chairmen are seeking a more open and
deliberate stakeholder consultation process . . . The
Dingell-Boucher draft retains the economy-wide coverage of previous
bills – with an upstream cap on transportation fuels,
which is intended to
