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Cap and trade has been axed from the House climate and energy bill
Americans watched this spring as the public option died a slow death during debates over a comprehensive health care overhaul. Now it seems environmentalists may be forced to watch as cap and trade is axed from the climate bill. Last week, Senate Majority Leader Harry Reid introduced an energy package lacking greenhouse gas emission limits claiming he couldn’t get enough votes to bring forth a more aggressive bill. With the Democratic House majority at stake and a likely loss of at least a few Senate seats to the Republicans, environmentalists are afraid that greenhouse gas limits may never see the light of day in the form of law. So what does this mean for the future of the climate and energy bill?
Robert N. Stavins, Albert Pratt Professor of Business & Government at the Harvard Kennedy School and Director of the Harvard Environmental Economics Program
Philip Sharp, President of Resources for the Future
Rep. Henry Waxman, D-CA's 30th District; Chairman of the House Energy & Commerce Committee