Business Council for Sustainable Energy Commends Senate Committee Passage of S. 2191
Washington, DC – The Business Council for Sustainable Energy (BCSE) applauds Senate Environment and Public Works Committee Chair Barbara Boxer (D-CA), Senators Joseph Lieberman (I-CT) and John Warner (R-VA), and members of the Senate Environment and Public Works Committee for approving comprehensive climate legislation in the form of S. 2191, the "Lieberman-Warner Climate Security Act."
The Council, a coalition of clean energy and energy efficiency businesses and trade association interests, has been working alongside members of the Senate panel urging passage of climate change legislation that is national in scope and calls for a market-based cap-and-trade program with mechanisms to deploy existing clean energy sources.
According to Lisa Jacobson, Executive Director of the BCSE, “the Council welcomes the inclusion of economic relief measures in the form of offset and banking provisions in the ‘Lieberman-Warner Climate Security Act.’ Access to offsets and banking will provide covered sources with flexibility that will reduce the cost of compliance – without weakening price or deployment signals to the market.”
"As the bill moves forward, we strongly advocate the inclusion of provisions to assign revenue value to renewable energy deployment and energy efficiency investments,” Jacobson said. "We are particularly supportive of measures that were attempted at the subcommittee and committee levels to recognize the value of including an output-based allocation approach that will benefit energy efficiency and promote clean generation. We also look forward to working with members on changes that will:
- Make renewable energy projects eligible for new entrant set-aside allowances.
- Include a broad and consistent definition of eligible renewable energy technologies.
- Designate a stream of auction proceeds to renewable energy technologies and energy efficiency projects.
- Include a domestic and international offset program that is properly structured, transparent and valid.
- Expand the offsets program to include a wider range of projects.
- Reconsider coverage of natural gas.
- Recognize and credit businesses that have made investments in greenhouse gas reduction activities.
- Promote and value participation of small energy systems