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Murkowski Introduces Kyoto Substitute

Murkowski Introduces Kyoto Substitute

A new bi-partisan bill was introduced Tuesday to address climate change issues using "American ingenuity in the marketplace to develop new technology that can be exported and deployed around the world." Chief sponsor, Chairman Frank H. Murkowski of the Senate Energy Committee, said the Energy and Climate Policy Act of 1999 would chart a different course than the Kyoto Protocol. "Our bill represents a long-term, technology-based, alternative to Kyoto. Even if the U.S. succeeded in limiting its own emissions, "we are unlikely to compel China to submit to mandated emissions limits. But they want to buy our technology, so let's play our strong hand."

The bill sponsored by Murkowski, and Sens. Chuck Hagel, R-NB, Robert C. Byrd, D-WV, and Larry Craig, R-ID, among others, would: create a new $2 billion research development and demonstration program for public-private partnerships in new technology; improve existing law to promote voluntary reductions in greenhouse gas emissions; create an Office of Climate Change in the Energy Department. The proposal is just the beginning Murkowski said. Additional measures could install tax incentives to promote clean air practices; promote voluntary agricultural and forest management practices that trap additional carbon dioxide in biomass and soils; and promote U.S. exports of clean technologies to nations such as China and India.

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