Washington, DC (June 27, 2007)- Senators Joe Lieberman (ID-CT) and John Warner (R-VA) announced that they have begun drawing upon existing proposals and new ideas, including those from the private sector, to draft a comprehensive bill to address global climate change. The new bill will aim to structure an economy wide “cap-and-trade” program that provides maximum flexibility to the marketplace to meet a level of attainable emission reductions that are environmentally credible. It will provide federal investment in new technologies, include cost-containment provisions, and ensure international participation by developing nations.
“Senator Warner and I are now in the process of agreeing on the broad goals and basic structure of a climate bill,” Senator Lieberman said. “We will spend the next several weeks filling in the essential details. We will draw upon existing bills, involve colleagues on both sides of the aisle, and listen carefully to important private-sector stakeholders. I am confident Senator Warner and I can bring a strong bill before our subcommittee before the August recess.”
Senator Warner said, “In my 28 years in the Senate, I have focused above all on issues of national security, and I see the problem of climate change as fitting within that focus. It is the responsibility of the Executive and Legislative Branches to join in taking a leadership role to address this national and international problem. This duty was made clear by the Supreme Court’s ruling earlier this year that confirmed the federal government’s obligation under the law to regulate greenhouse gas emissions. I look forward to working with Senator Lieberman and my Senate colleagues to craft a comprehensive climate bill.”
For more information, visit Sen. Lieberman.