Wednesday, October 7, 2009

Cap And Trade To Save The Jungles?

Climate change legislation lobbying has taken a different twist this week as advocates from the Commission on Climate and Tropical Forests, including Michael Morris, CEO of American Electric Power, urge the Senate to allocate 5% of emission allowances to international forest conservation programs aiming to save the world's jungles. The Committion proposes that the U. S. invest substantially in programs to reduce jungle deforestation, beginning with $1 billion per year in 2012 and increasing to $5 billion per year by 2020.

The House climate change bill allows American energy companies to purchase carbon emission cresidt from programs reducing deforestation, and lobbyists want the Senate measure to allow emission offsets purchased by maintaining tropical rain forests.
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