Select Committee to Examine Pollution Auction System in Climate Cap-and-Trade Bill

Going Once, Going Twice . . . Select Committee to Examine Auction System in Climate Cap-and-Trade Bill

On Wednesday, January 23rd 2008, Chairman Edward Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming held a hearing entitled “Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade.” This hearing examined the potential role of auctioning tradable pollution allowances under a cap-and-trade system to reduce global warming pollution, instead of giving them away for free to polluters – and potential uses for the tens of billions of dollars that could be generated through such auctions.

WHAT: Select Committee hearing: “Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade”

WHEN: 9:30 AM, Wednesday, January 23, 2008

WHERE: 2128 Rayburn House Office Building, Washington, DC
or on the web at globalwarming.house.gov

OPENING STATEMENT: Chairman Edward J. Markey

PANEL:
Hon. Ian Bowles, Secretary of Energy and Environmental Affairs, Commonwealth of Massachusetts (appendix)

Peter Zapfel, Coordinator for Carbon Markets and Energy Policy, European Commission – Environment Directorate General

Dallas Burtraw, Senior Fellow, Resources for the Future

John Podesta, President and Chief Executive Officer, Center for American Progress (appendix)

Robert Greenstein, Executive Director, Center on Budget Policies and Priorities

To read the Press Release from this hearing, CLICK HERE. 

VIDEOS:

PICTURES:

Right click to enlarge images.

Chairman Markey speaks with Ian Bowles and John Podesta. 

Chairman Markey and Peter Zapfel.

The panel addresses cap and trade. 

 The panel listens to questions on auctions. 

Congressman Larson prepares to ask a question.

Congressman McNerney speaks with John Podesta.

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