This week has brought news of a brewing compromise on the Senate climate change bill, introduced last month amid signals that the upper chamber would give only a bit more to clean transportation than the House's meager 1 percent set-aside of revenue from cap-and-trade carbon regulations.
Sen. Bill Nelson (D-FL) (Photo: Sun-Sentinel)The stirrings of a Senate climate deal, first reported
by ClimateWire, focus on expanding the bill's nuclear incentives and
offshore drilling provisions to win over conservative Democrats and
moderate Republicans.
Brad Plumer at The New Republic offers a good rundown
on why such a compromise wouldn't be as bad as it might sound to some
progressives. But even if it still sounds bad, there's more heartening
climate news to relay: Sens. Michael Bennet (D-CO) and Bill Nelson
(D-FL) this week have signed onto legislation that would require
transit and other clean transport to get 10 percent of the money raised
by regulating carbon.
The measure in question, often referred to as "CLEAN TEA," has already won over
half the Democrats on the Senate environment committee. Nelson would be
its second sponsor on the Finance Committee, which will play a major
role in determining how to distribute the valuable emissions
"allocations" that would be created by the climate bill's cap-and-trade
system.
One percent of those "allocations" were set aside for clean
transport in the House climate bill. Although few on the Hill currently
expect the Senate to reach the 10-percent mark set by "CLEAN TEA," the
more sponsors the bill attracts, the better chance its chief sponsors
-- Sens. Tom Carper (D-DE) and Arlen Specter (D-PA) have of amending
the climate bill to give more to transit.
