Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade
Channel: HouseResourceOrg
Date: 2011-04-15

Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade - Select Committee on Energy Independence and Global Warming - 2008-01-23 - Going Once, Going Twice . . . Select Committee to Examine Auction System in Climate Cap-and-Trade Bill. On Wednesday, January 23rd 2008, Chairman Edward Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming held a hearing entitled "Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade." This hearing examined the potential role of auctioning tradable pollution allowances under a cap-and-trade system to reduce global warming pollution, instead of giving them away for free to polluters - and potential uses for the tens of billions of dollars that could be generated through such auctions. PANEL: Hon. Ian Bowles, Secretary of Energy and Environmental Affairs, Commonwealth of Massachusetts; Peter Zapfel, Coordinator for Carbon Markets and Energy Policy, European Commission - Environment Directorate General; Dallas Burtraw, Senior Fellow, Resources for the Future; John Podesta, President and Chief Executive Officer, Center for American Progress; Robert Greenstein, Executive Director, Center on Budget Policies and Priorities.  Video provided by the U.S. House of Representatives.