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Going Once, Going Twice . . . Select Committee to Examine Pollution Auction System in Climate Cap-and-Trade Bill

MEDIA ADVISORY FOR 9:30 AM, WED., JANUARY 23rd

Contact: Select Committee, 202-225-4081

Going Once, Going Twice . . . Select Committee to Examine Pollution Auction System in Climate Cap-and-Trade Bill

To read testimony and see pictures and video from the hearing, please CLICK HERE.

On Wednesday, January 23rd, Chairman Edward Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming will hold a hearing entitled “Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade.” This hearing will examine the potential role of auctioning tradable pollution allowances under a cap-and-trade system to reduce global warming pollution, instead of giving them away for free to polluters – and potential uses for the tens of billions of dollars that could be generated through such auctions.

WHAT: Select Committee hearing: “Cap, Auction, and Trade: Auctions and Revenue Recycling Under Carbon Cap and Trade”

WHO: Hon. Ian Bowles, Secretary of Energy and Environmental Affairs, Commonwealth of Massachusetts

Peter Zapfel, Coordinator for Carbon Markets and Energy Policy, European Commission – Environment Directorate General

Dallas Burtraw, Senior Fellow, Resources for the Future

John Podesta, President and Chief Executive Officer, Center for American Progress

Robert Greenstein, Executive Director, Center on Budget Policies and Priorities

WHEN: 9:30 AM, Wednesday, January 23, 2008

WHERE: 2128 Rayburn House Office Building, Washington, DC
or on the web at globalwarming.house.gov

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The House Select Committee on Energy Independence and Global Warming was formed by House Speaker Nancy Pelosi (D-CA) to increase the visibility and priority given to America's oil dependence and global warming challenges. It is chaired by Rep. Edward J. Markey (D-MA) and will actively explore the solutions, science and progress on these pressing issues during the 110th Congress.

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