Alternative to cap and trade is gaining ground on Capitol Hill

While the climate change measure remains mired in the Senate, an alternative that is gaining attention among lawmakers is an energy bill sponsored by Sens. Maria Cantwell, D-Wash., and Susan Collins, R-Maine, that would place a cap on carbon and auction permits to producers or importers of certain fuels. Another possible alternative is reportedly a bill being crafted by Sen. Lisa Murkowski, R-Alaska, that would tax carbon and return the revenue to taxpayers.

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