Fight for CLEAN-TEA Still Alive and Well
Hopefully it’s been made pretty clear on this blog and in other Carrots and Sticks materials that if we were to write a comprehensive energy and climate package of our own, we would support a cap-and-dividend approach to carbon pricing akin to that of the Cantwell-Collins CLEAR Act accompanied by a Green Bank initiative to leverage up to $1 trillion of private sector investment in the new green economy. However, the Kerry-Graham-Lieberman framework that seems to be moving now is far short of that in terms of both simplicity and effectiveness. Both Chris and I still don’t think it has close to 60 votes and this all may be a moot point, but nevertheless it’s worth working to improve the KGL language as much as possible.
Part of our climate agenda, basically a backup plan if direct cap-and-dividend doesn’t happen, is allocations or investment of climate revenues in clean transportation projects. The now-defunct CEJAPA bill did a pretty good job of this, and we’d like to see that commitment be continued in this new initiative. On Monday, Transportation for America delivered a letter to its three chief architects reiterating this request, and we are proud to be one of the letter’s 41 co-signers.
Here’s the letter in full: