Nov. 20 (Bloomberg) -- U.S. Senator Barbara Boxer said today she will introduce President-elect Barack Obama’s 10-year $150 billion plan to curb climate change early in the new Congress next year.
There will be two bills, with one seeking to authorize a $150 billion grant program for technologies that promote energy efficiency or harness the wind and sun. The second is a scaled- back version of a climate bill she attempted to pass in the Senate last summer, the California Democrat told reporters at a news conference today in Washington.
Boxer’s effort to get a so-called cap-and-trade bill for carbon-dioxide emissions through the Senate failed last year when it fell short of the votes necessary to cut off debate. Obama’s plan announced during his campaign would use revenue from emissions credits bought by greenhouse gas-emitting companies to pay for the $150 billion in technology development.
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