allowances

Facing resistance from moderate Democrats, House Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) is ready to compromise on some key provisions of the cap-and-trade legislation he co-sponsored with Energy and Environment Subcommittee Chairman Ed Markey (D-Mass.).
One area of contention is the distribution of carbon allowances, which polluting companies will need to obtain for each [...]

President Obama has consistently called for all emissions permits to be auctioned off to polluters under a cap-and-trade scheme to produce strong and immediate incentives to reduce carbon emissions. But today White House science adviser John Holdren told The Washington Post that the administration would consider phasing in a full auction by initially giving away [...]

Surprise! Conservatives don’t like the House Democrats’ energy and climate draft bill. From The Corner:
648 Pages of Ruin
There’s a lot of ruin in a nation, which is why it is taking Henry Waxman (D., Us Magazine) and Edward Markey 648 pages to finish America off. That’s the length of their draft of a Global Warming [...]

An editorial in today’s Wall Street Journal attacks President Obama’s cap-and-trade plan to curb carbon emissions as a “regressive” policy:
Hit hardest would be the “95% of working families” Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat “unless you use energy.” Putting a price on carbon is regressive by definition [...]