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.

No comments yet.

Leave a Reply

Former Gov. George Pataki To Announce Presidential Bid Thursday

From @GovernorPataki

George Pataki, former New York governor, plans to announce his bid as a Republican presidential nominee on Thursday in Exeter, New Hampshire.

Report: McCain To Face Challenge From Rep. Kirkpatrick In 2016

Rep. Ann Kirkpatrick official government photo

McCain has served as the senior Senator of Arizona since 1987, 2016 will be his sixth bid for office

TRNS News Notes- 5/26

Killer weather
DoJ settles probe into Cleveland PD
Defense sec starts war of words
Patriot Act in limbo: Senate in disarray
Congress scrambles for data deal
Four words in health law: Mistake? (depth)
WaPo’s Jazon Rezaian on trial in Iran

Tuesday, May 26

● Presidential herd is 300 strong

● Neurosurgeon injured patients with unneeded surgery

● Crime should not be confidential

● Heroin-related deaths on the rise

● City’s lawsuit gimmick is disingenuous

● Myths about rental car taxes

Photos: National Memorial Day Parade

Miss the parade? Don’t worry. We got pictures.

Photos: Obama Honors Service Members At Arlington Cemetery

President Obama traveled to Arlington National Cemetery Monday to marks the first Memorial Day during his presidency where the U.S. “is not engaged in a major ground war.”