Center Gets What It Wants In Climate Bill

The Center has consistently advocated for a provision in any climate bill that allows 'anyone' to hold and trade allowances. Such a provision is included in the Kerry-Lieberman climate legislation. It is included in:

Title VII—GLOBAL WARMING POLLUTION REDUCTION AND INVESTMENT
PROGRAM

Part C—Program Rules

Section 724. Trading. Clarifies that Title VII as established by this section does not restrict who can hold an allowance, nor does it restrict the purchase, sale, or other transactions involving allowances.

Such language is one of the most powerful tools in the bill. It will lead to innovations that we cannot imagine. There is also such a provision in the Acid Rain Program and the Regional Greenhouse Gas Initiative (RGGI). The Center is registered in the EPA Acid Rain Program and the RGGI Program.