Climate Stewardship and Innovation Act of 2005

Bill: 109-s-1151
Sponsor: Sen. McCain, John [R-AZ]
Introduced: 2005-05-26 in the Senate
Policy area: Environmental Protection
Subjects: Administrative procedure
Agricultural education
Agricultural extension work
Agricultural pollution
Agricultural research
Agricultural subsidies
Agriculture and Food
Air pollution control
Air travel
Aircraft engines
Alcohol as fuel
Alternative energy sources
Aquifers
Atmosphere
Auditing
Automobile engines
Automobile industry
Automobile tires
Awards, medals, prizes
Biological research
Biomass energy
Business intelligence
Carbon cycle
Carbon dioxide
Cellulose
Climate change and greenhouse gases
Coal
Commemorations
Commerce
Commercial aircraft
Commercialization
Competitive bidding
Congress
Congressional reporting requirements
Consultants
Cost accounting
Data banks
Department of Commerce
Department of Energy
Developing countries
Economics and Public Finance
Education
Electric power production
Elementary and secondary education
Emissions trading
Energy
Energy conservation
Energy efficiency
Energy research
Engineering
Environmental assessment
Environmental economics
Environmental law enforcement
Environmental monitoring
Environmental research
Environmental technology
Executive reorganization
Farm lands
Farmers
Federal aid to air pollution control
Federal aid to education
Federal aid to research
Federal employees
Federally-guaranteed loans
Finance and Financial Sector
Fines (Penalties)
Fluorocarbons
Foreign Trade and International Finance
Fuel cells
Fuel consumption
Geology
Government Operations and Politics
Government and business
Government lending
Government paperwork
Government publications
Governmental investigations
Grants-in-aid
Higher education
Housing and Community Development
Hydrocarbons
Hydrogen
Infrastructure
Intellectual property
International Affairs
International competitiveness
International environmental cooperation
International law
Inventories
Joint ventures
Laboratories
Law
Legislation
Licenses
Manufacturing industries
Marketing
Mathematics
Mercury
Methane
Motor vehicle pollution control
National Science Foundation
Natural gas
Nitrogen oxides
Nonprofit organizations
Nuclear energy research
Nuclear fuels
Nuclear power plants
Ozone layer depletion
Patents
Petroleum industry
Pollution measurement
Poverty
Public Lands and Natural Resources
Public-private partnerships
Radioactive wastes
Remote sensing
Research and development
Research and development facilities
Research grants
Revolving funds
Scholarships
Science, Technology, Communications
Scientific education
Social Welfare
Space activities
Standards
Students
Sulphur
Sulphur dioxide
Teacher education
Technological innovations
Technology assessment
Technology transfer
Transboundary pollution
Transportation and Public Works
Transportation research
Trucks
Underground storage
Water Resources Development
Wind power

Summary:
action_date: 2005-05-26
text: 
Climate Stewardship and Innovation Act of 2005 - Provides for federal climate change research initiatives and related activities, including: (1) National Science Foundation fellowships for graduate studies in climate change; (2) a report on the impact of the Kyoto Protocol on the United States; (3) abrupt climate change research; (4) research on the impact of climate change on low-income populations worldwide; and (5) a Climate Change Education and Outreach Initiative Program for agricultural organizations and individual farmers.
 
Directs the Administrator of the Environmental Protection Agency (EPA) to establish and maintain the National Greenhouse Gas Database to collect, verify, and analyze information on greenhouse gas emissions. 
 
Establishes a program for market-driven reduction of greenhouse gases (GHGs) through the use of tradeable allowances. Requires certain covered entities that own or control a source of GHG emissions in the electric power, industrial, and commercial sectors of the U.S. economy to submit to the Administrator, beginning in 2010, one tradeable allowance for every metric ton of GHGs emitted. Allows tradeable allowances to be sold, exchanged, purchased, retired, or otherwise used as permitted by this Act. 
 
Establishes the Climate Change Credit Corporation to manage tradeable allowances.
 
Renames the Technology Administration in the Department of Commerce as the Innovation Administration. Assigns innovation-related duties to the Secretary of Commerce relating to climate change.
 
Provides for various climate change innovation initiatives, including: (1) technology transfer opportunities; (2) climate innovation partnerships; (3) a climate change science and technology enhancement program for math and science teachers; (4) agricultural sequestration; and (5) energy efficiency audits.
 
Establishes a loan guarantee and technology challenge program to encourage technological innovation for reducing GHGs. 


Legislative actions:
action_date: 2005-05-26
text: Read twice and referred to the Committee on Environment and Public Works.
action_date: 2005-05-26
text: Sponsor introductory remarks on measure. (CR S6046-6050)
action_date: 2005-05-26
text: Introduced in Senate