Washington, DC (October 3, 2007)- Representative John Dingell (D-Michigan), chairman of the House Energy and Commerce Committee, and Rick Boucher (D-Virginia), chairman of the Energy and Air Quality Subcommittee released the first in a series of climate change white papers. The papers are intended to focus discussion in the Committee as they move towards development of comprehensive climate change legislation.
This first white paper discusses the overall benefits of a cap-and-trade system and which sectors of the economy should be included. In the white paper, Dingell and Boucher set a goal of greenhouse gas emissions between 60% and 80% by 2050.
Future white paper topics will include: cap levels and timetables, cost containment mechanisms, carbon sequestration, offsets and credits, the role and obligations of developing countries, and the distribution of emissions allowances.
Climate change white paper
Memo to members from Chairmen Dingell and Boucher
Dear colleague letter