Statement: Waxman-Markey Climate Discussion Draft

-On the occasion of the release of a discussion draft of climate and energy legislation from House Energy and Commerce Committee Chairman Henry Waxman (D-CA) and Energy and Environment Subcommittee Chairman Edward Markey (D-MA)-

Statement of Eileen Claussen 
President, Pew Center on Global Climate Change

March 31, 2009

Today’s proposal from Chairmen Waxman and Markey marks a bold new beginning for U.S. climate and energy policy. The Waxman-Markey discussion draft calling for an economy-wide, greenhouse gas cap-and-trade system and critical complementary measures is an ambitious, but achievable approach to our energy and climate future. The draft bill includes aggressive emission reduction targets as well as measures that will protect U.S. consumers and workers, and deploy low- and zero-emitting technologies.

While there is still work to do on a number of issues, including allowance allocation, this draft bill indicates that the Chairmen understand the importance of balancing both the environmental and economic goals of our nation. We look forward to working with the Chairmen and other members of the Energy and Commerce Committee to advance this critical climate and energy legislation.

Read the Discussion Draft here