Hawthorn Group News
Carbon Market Expo Roundtable Panelist Says the Real Work on Climate Legislation is Just Beginning
Roundtable participants agreed that while final passage was unlikely during the next two years, climate change legislation is now likely to occur at some point and that this year's Senate debate on the Lieberman-Warner Bill would be the practice session for the real game starting next year.
The participants said the legislation, however, could take many forms. Hawthorn's Shanahan, who until recently served as senior counsel on the U.S. Senate Environment and Public Works Committee, cautioned that organizations advocating that the U.S. become part of a global carbon trading market faced a tough uphill battle on Capitol Hill.
"Many U.S. legislators — especially moderate to conservative Republicans and Democrats — are uneasy that cap and trade legislation could result in a transfer of wealth from the United States," Shanahan said. "That is just one obstacle that those in the finance and trading community will have to overcome in order to benefit from an eventual carbon market."
The conference participants expressed frustration that
Many conference attendees and the conference organizer said the discussion was the most interesting and insightful they had seen on the prospects and shape of climate legislation in
More than 1,500 people attended the three-day annual event, which concludes today.
More information on The Hawthorn Group: http://www.hawthorngroup.com/index7.html
SOURCE Hawthorn Group
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