Sanders, Boxer Introduce Climate Protection Act

The legislation calls for a long-term goal of 80 percent of green house gas emissions by 2050, and includes a fee of $20 per ton of carbon or methane emitted.
Photo: Nicholas Salazar/TRNS

Photo: Nicholas Salazar/TRNS

By Nicholas Salazar

Senators Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) introduced the Climate Protection Act Thursday, legislation aimed at placing an initial $20 fee on each ton of carbon or methane emitted in order to reach a long-term goal of 80 percent green house gas emissions by 2050.

The Congressional Budget office estimates that these fees, which would rise at a rate of 5.6 percent over a decade, could result in $1.2 trillion in revenue over ten years.

As part of the proposal, $300 billion of that revenue gained would go towards reducing the national debt, with the remaining revenue going towards investment in manufacturing, renewable energy research and infrastructure.

“Let me be clear, the issue that we are dealing with today is not political,” Sanders said during a press conference. “It has nothing to do with … all of the political swabbing we see here every day. It has everything to do with physics.”

Sanders went on to say that rising temperatures could lead to rising sea levels, and could eventually lead to cities like New Orleans or Boston being flooded and virtually uninhabitable.

Other aspects of the bill include a rebate program to combat the threat of rising oil prices and a global initiative to assure that everyone has the same set of rules and regulations to conduct business.

Boxer urged immediate action on the issue, and said that “the earth is headed towards a planetary emergency.”

Climate change was a key topic of President Obama’s State of the Union speech on Tuesday, with the President calling for congressional action to address the issue. He went on to say that if Congress did not act, then he would take action through executive order.

“We have the opportunity right now, with the President’s commitment in the State of the Union, to make progress,” Sanders explained.

UPDATE: A group of House Democrats will unveil a proposal of their own on Friday morning. Led by Rep. Henry Waxman (D-Calif.), the group will hold a news conference at 10:00 a.m. to discuss their plan.

– End Update –

Tags: , ,

About TRNS Washington Desk

View all posts by TRNS Washington Desk
TRNS Washington Desk
News updates from on and around Capitol Hill.

Roosevelt Makes WAVES, Ike Likes A New Motto, and Nixon Releases His Audio Collection

President Richard Nixon

Here’s what happened today in American political history.

Click here for: Wednesday, July 30

● ASNE releases newsroom census

● Report describes debtor nation

● Get to the ER on time

● Rights groups defend FCC jail phone order

● Skin cancer is a major health problem

● COOL survives en banc review

LISTEN: The World in Two Minutes – July 29, 2014

WorldIn2Logo

Argentinian officials head to New York in a bid to prevent the country from defaulting on its sovereign debt for the second time in 12 years.

Senate Republicans Back $659 Million Border Plan, Dismiss Democrat Request

Senate Minority Leader Mitch McConnell (R-KY) speaks to reporters at the U.S. Capitol, July 29, 2014, with (left) Sen. John Thune (R-SD) and Sen. John Cornyn (R-TX). (Photo by James Cullum)

And there are only a couple days left until the August recess.

Pentagon: Russian Forces Continue Movement Along Ukraine Border

Pentagon Press Secretary Adm. John Kirby considers the Russian forces “capable across a wide spectrum of military operations.”

Former Ukrainian Ambassador: Appeasing Putin Is Not The Answer

Russian President Vladimir Putin speaks to reporters on March 4, 2014. Photo: Presidential Press and Information Office

“No matter what individual separatist pushed the button to fire the weapon, let’s be clear, the tragedy is Russian responsibility,” the Former U.S. Ambassador said Tuesday.