Home Clean Air Policy Initiative Background Resources News Room Companies
 

Senate Bill 139
Climate Stewardship Act

S. 139 is a multi-sector bill proposed by Senators Lieberman and McCain to limit greenhouse gas emissions from the electricity generation, transportation, industrial, and commercial sectors.  These sectors accounted for 85% of total greenhouse gas emissions in 2000.

The bill would establish an overall emissions cap and allow for trading between and among sectors.   The original version of the bill called for capping emissions at 2000 levels by 2010 and 1990 levels by 2016.  When brought to the floor for a vote, an amendment was added, stripping the bill of the 2016 cap.

Unlike the multi-pollutant bills, the Climate Stewardship Act made it to the senate floor, where it was defeated, 43-55 on October 30, 2003.  Both Senators Lieberman and McCain have pledged to bring the bill to another vote "as soon as possible."

Sponsors (Link to website: )

Senator Lieberman, Joseph (D-CT)

Senator McCain, John (R-AZ)

 

Comments of Senators Lieberman and McCain

Senator Lieberman: By capping emissions and tapping market forces to meet those goals, this bill will heat up American innovation and cool down our changing climate.  Our approach promises environmental progress in reducing harmful global warming, economic progress by creating new high-tech jobs to meet emissions goals, and international progress by showing our allies that we're serious about this global problem.


Senator McCain: Too much attention has been focused on the uncertainties, and not enough on what is known in tackling the problem at hand.  This bill uses the best approach we know -- a market-based trading system -- to reduce emissions and give companies maximum flexibility in meeting requirements.  Ultimately, the bill rewards improvements in energy efficiency and encourages advances in technologies.