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Rep. Ed Markey (D-MA) will talk about the climate legislation he will be introducing to the House of Representatives today. Markey is Chair of the House Select Committee on Energy Independence and will be speaking at the Center for American Progress Action Fund, introduced by CAPAF CEO John Podesta.
I received a pre-brief on the legislation last night, and while it is not perfect, it is a much better bill than Boxer-Lieberman-Warner.
In particular, it has the single most importantitem in thenew climate legislation should have — an emissions standard that stops traditional coal plants from being built [see “Is 450 ppm politically possible? Part 4: The most urgent climate policy (and it isn’t a CO2 price)”].
Starting in 2009, I believe, no coal plant can be built that cannot capture and sequester 85% of its carbon dioxide emissions (a grace period of a few years is allowed for plants built after that time to actually find a place to sequestered the carbon). I will post more on this bill as it is put on line.
More details on the briefing below:
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