Senate committee mulls alternatives to cap-and-trade proposal

12/2/2009 | NYTimes.com

The Senate's Energy and Natural Resources Committee took a break from tackling the cap-and-trade bill to explore other policy options, including a carbon tax or even industry-specific cuts on power plants. People now view the cap-and-trade plan as a measure that would increase the prices of basic commodities, said Sen. Lisa Murkowski, R-Alaska. This should prompt lawmakers to seek cheaper carbon-reduction alternatives, she added.

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