The Kerry-Lieberman climate and energy bill (formerly the Kerry-Lieberman-Graham bill, until Graham got cold feet) is out and available for review. This is the companion legislation to the Waxman-Markey climate bill that barely made it out of the House last year. Here is a summary and comparison of the two bills offered by the Marten Law Group. Congressional Budget Office (a nonpartisan agency) estimates of the cost of the bills (both money and unemployment) can be found here. And here is an analysis of the amount of global warming that will be reduced by the bill, if it were passed. It works out to about .2 degrees F., but to be fair, it assumes no other country will impose like restrictions on CO2 emissions.
Not likely that much will happen with this bill, with elections coming and Democrats expected to see their majorities reduced somewhat.
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