Point Carbon has put out a chart showing who will get emissions allowances through 2030 under the current version of the climate change bill that will continue to be debated this week. It can be a bit confusing at first but give it a minute.
The darkest band represents how many free allowances (permits to emit one ton of CO2) refineries will get. Some of the benefits will be doled out in the form of rebates or tax breaks (as is the case with low income households, the yellow part of the chart).
Here’s a link to the House Energy and Commerce Committee where the bill is being worked on. And here’s the whole chart if you want a better look. View image You can watch the hearings beginning today on C-SPAN 3 (doesn’t everyone have that channel?) and www.c-span.org.