US Senator Jeff Bingaman (D)For the complete report from the U.S. Senate Committee on Energy and Natural Resources click on this link
Senators Bingaman and Domenici Announce Roundtable On the E.U. Emissions Trading Scheme
Last year, Sens. Domenici and Bingaman hosted an all-day workshop on the design features of a mandatory market-based program to reduce greenhouse gas emissions in the United States. In keeping with their commitment to educate themselves and others in the Senate on these complex issues, the Chairman and Ranking Member of the Energy Committee today announced a roundtable discussion with some of the most respected and influential authorities on the European Union’s Emissions Trading Scheme from Europe and the United States.
The Round table will be held on Monday, March 26 at 2:00pm in the Senate Dirksen room G50. Joining in this Roundtable with Members of the Senate Committee on Energy and Natural Resources will be: Jos Delbeke, EU Commission Director for “Climate Change and Air” of the European Commission‘s Directorate-General for Environment, Brussels, Belgium; Per-Otto Wold, Point Carbon Founding Partner and CEO, Oslo, Norway; Garth Edward, Shell Oil Trading Manager - Environmental Products, London, England; Jean-Yves Caneill, Electricté de France; Director of Sustainable Development, Paris, France; Bruno Vanderborght, Holcim Cement, Vice President of Climate Protection
Zurich, Switzerland; Denny Ellerman, Massachusetts Institute of Technology Executive Director of the Center for Energy and Environmental Policy Research in
Cambridge, Massachusetts.
The EU’s Emissions Trading Scheme is the largest multi-country, multi-sector greenhouse gas emissions trading system in the world. After its launch in 2005, the new trading system experienced some startup problems; however, its performance today offers helpful insight and lessons to policymakers who want to better understand how a market-based trading program could operate efficiently and effectively in the United States.
New Mexico Democrat Senator Jeff Bingaman says: "My top priority as chairman of the Senate Energy and Natural Resource Committee is to put our country on the road to energy independence by focusing on new, more efficient and cleaner sources of energy. The first major step the US can take is to dramatically ramp up the use of renewable energies, such as electricity produced from the sun and wind, and home-grown transportation fuels like ethanol and biodiesel. We’ve already begun that process. Two years ago, Senator Domenici and I helped write the Energy Policy Act 2005, which expanded the federal tax incentives for electricity production from wind, solar, biomass, and other renewable sources. The act also required that 7.5 billion gallons per year of renewable fuels, including ethanol, be used in motor vehicles by 2012."
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