Senate Bill to Limit Trading to Emitters To Prevent Carbon Market Manipulation

The Senate climate change bill scheduled to be released May 12 will include measures to curb the volatility of carbon markets by limiting trading to only companies required to cut greenhouse gas emissions, according to Senate and House aides familiar with the legislation.

Many of the key details in the American Power Act to be unveiled by Sens. John Kerry (D-Mass.) and Joseph Lieberman (I-Conn.) are unchanged from what the senators have discussed for months. As expected, the draft bill will propose the same mandatory greenhouse gas emissions cuts as the House-passed climate bill—a 17 percent cut by 2020 from ...