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.

Click here for: Friday, October 24

● Good food makes bad landfills

● Dog assault charges for fence jumper

● Jim Thorpe’s remains won’t be moved

● Sex offenders left homeless in Miami

● Suit challenges sale sign ordinance

● Reynolds fails to impress anti-smoking group

Pentagon Will Continue Force Control In South Korea, Keep Current Troop Levels

Defense Secretary Chuck Hagel met Thursday with his South Korean counterpart, Minister Han Min-koo, where both leaders agreed that North Korea still poses a threat on the peninsula

LISTEN: The Day Ahead – October 24, 2014

The Day Ahead Logo

Officials coordinating the US response to Ebola testify before Congress and the monitoring mission along the Russian-Ukrainian border draws to a close.

UN in Brief: Calm & Conflict for October 23, 2014

UN Daily Brief Square

A $2.2 appeal for Iraqi humanitarian aid, the WHO advises against Ebola travel bans and the U.N. steers clear of a cholera lawsuit in New York.

House Bill To Take Away Social Security Payments For Dozens Of Former Nazis

There is a similar bill in the Senate.

Earnest: White House Security Review Ongoing

Earnest said that Wednesday’s incident “underscores professionalism of men and women of Secret Service.”