U.S. Sen. Elizabeth Dole joined five other senators in co-sponsoring climate change legislation.
Sens. Joseph Lieberman of Connecticut and John Warner of Virginia have worked for several months to draft America's Climate Security Act, a bill introduced today that is designed to lower greenhouse gas emissions, Barb Barrett reports.
The bill's goal is to reduce total U.S. greenhouse-gas emissions by as much as 19% below the 2005 level in the next 13 years, and by as much as 63% below the 2005 level in 2050.
The bill allows companies to save, borrow and trade emission allowances. Companies could earn credits by "inducing" other non-covered businesses such as farms to reduce their greenhouse-gas emissions.
"The solution to this serious problem is not inaction," Dole said in a statement. "We must ensure clean air for future generations, and this is a responsible, market-driven approach that strengthens our economy, competitiveness and security."
Other co-sponsors include Democratic Sens. Tom Harkin of Iowa, Benjamin Cardin of Maryland, Amy Klobuchar of Minnesota, and Republican Sens. Norm Coleman of Minnesota and Susan Collins of Maine.