FarmPolicy

September 23, 2019

Climate Issues; Rural Economy; Nutrition Programs; Crop Insurance; Biofuels; Trade; and Political Notes

Climate Issues: Senate Perspectives

Jessica Leber and Christa Marshall of ClimateWire reported on Friday at The New York Times Online that, “Climate chaos reigned on Capitol Hill yesterday as senators battled over the possibility of U.S. EPA regulations on greenhouse gases and the prospects for global warming legislation this year.

Republicans and Democrats alike expressed interest in a ‘Plan B’ approach from Sens. Maria Cantwell (D-Wash.) and Susan Collins (R-Maine) for capping emissions. The plan would return the majority of the revenue raised from a climate program to consumers through a dividend.”

(With respect to the Cantwell-Collins plan, Jonathan Capehart explained at the Post Partisan Blog (The Washington Post) on Friday that, “In short, [the Cantwell-Collins plan] would establish a cap-and-rebate system. A declining cap on greenhouse gas emissions would be set. Pollution permits would be auctioned to industry. And 75 percent of the proceeds would be rebated to the American people through monthly checks on an equal per capita basis. That could mean $1,000 returned to a family of four over the course of a year.”)

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