Climate Change: White Paper Favors Cap-And-Trade

Law360, New York (October 30, 2007, 12:00 AM EDT) -- On Oct. 3, 2007, the House Committee on Energy and Commerce, chaired by Rep. John D. Dingell (D-MI), released the first in a series of white papers on the subject of global climate change legislation.

Future white papers will address cap levels and timetables, allowance allocation, offsets and credits, developing countries cost containment and carbon sequestration.

In this first white paper, entitled "Scope of a Cap-and-Trade Program," Chairman Dingell and the House Committee make three noteworthy conclusions:

The United States must reduce its greenhouse gas emissions...
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