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EEI Talking Points on Climate?Related Amendment: to the Senate Energy Bill

TD:Har1o Lewis {mlewia?cei.oroa Harlo Lewis UHEHUWH 


S. Fiddelke 1 CH-Dabbie 5. CED 1 I


TEXT:
no the Senate inches towards debating eons of thee: amendments. here are
a fewhrief Talking Paint? on Some of the Climate?Related Amandmenta to

the Senate Energy Bill.

Prepared by Myron Ebell.

director of global warming policy
Competitive Enterprise Institute
[202] 331-2255.

iron, I know that it can all be fixed in conference. but not even Tom
DaLay and the House Republicans can he expected to fix everything.
Moreover. my experience is that tor our side most things usually get

worse in conference. eapecially wanting money. It is also not helpful that
the Bush Administration has already signaled that the President will sign
any energy bill; even one that is really an hill.}

Lieberman-McCain amendment to regulate C02 emissions

1. The cost to consumarl o! the Lieberman-HoCain hill. 5. 139; to
regulate CD2 emissions is no enormous that they plan to offer just a
piece of it] which they misleadingly claim in cheaper. Taking the tire:
step to regulate CD2 emiasiona is pointless if you do not take the later
steps. Therefore. the full coat of reducing emiasiona to to SDI below
199u levels, which is the atateo goal o! Kyoto sungortera. must he
ccnlidered at the outlet.

2. The first atep is the cheapest as the Eruit' ia picked.
As Japan and some European countriea are finding out an they begin to
implement the kycto Protocol. even the Tirst atop is too expansive.

3. can-and?trade achsma to ration energy in much less efficient
economically than a tan. although McCain led the Eight againat the BTU
tan in 1993. he ahould be proposing a tax on fossil fuels now inltsad of
the much less cont-effective can-and-tradi-

d. The Kyoto approach of rationing energy in a dead end. It cannot work
because the costs are no much larger than any oosaihla potential
benefits. If global warming does turn out to he a problem (and most
research over the past decade auggeeta that it will not hel. then the
only solution is the one laid out by President 

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