Allowance Allocations in the 2009 Senate and House Climate & Energy Bills
A comparative analysis of the Senate Environment and Public Works (EPW) Committee-passed Clean Energy Jobs and American Power Act (S.1733) and the House-passed American Clean Energy and Security Act (HR.2454)
In 2009, the House passed comprehensive climate and energy legislation called the American Clean Energy and Security Act of 2009 (HR. 2454) and the Senate Environment and Public Works Committee passed the Clean Energy Jobs and American Power Act (S. 1733). Both bills include a cap-and-trade program – in addition to other climate and energy policies – designed to reduce (and put a price on) carbon emissions and jump-start a transition to a clean energy economy. This analysis focuses on the provisions in the bills that determine how the allowance value, created under the cap-and-trade program, will be divided.
