Senate Proposes Global Warming Plan While Safeguarding U.s. Economy

摘要

In early August, Senators Lieberman (I-CT) and Warner (R-VA) laid out a new global warming plan that proposed an obligatory, market-based, cap-and-trade program that would reverse the worst-case effects of climate change by reducing greenhouse gas emissions to 70 percent by 2050. The proposal is said to protect both the U.S. economy and the environment. An example of measures taken to protect American jobs and sustain economic growth is the establishment of a Climate Change Credit Corporation, which would allow industry sectors to buy emissions allowances to standardize the quantity of greenhouse gas emissions released into the environment. Environmentalists have criticized the Bush administration for ignoring alarming evidence of global warming and for doing little to sustain current levels of greenhouse pollutants.