Erin Murphy on Energy & Oil
Cap-and-trade to achieve MN greenhouse gas reduction goals
Legislative Summary: This act may be cited as the Green Solutions Act of 2008.
- The legislature finds that a cap and trade program will achieve Minnesota's greenhouse gas emissions reduction goals in a cost-effective manner.
right to emit greenhouse gases should be auctioned to emitting facilities rather than allocated at no cost, with proceeds invested in projects that advance the transition to a low greenhouse gas-emitting economy.
- A greenhouse gas cap-&-trade program
is best pursued in cooperation with other Midwestern states.
- A "climate trust fund" is established [to manage revenue from auctions]
OnTheIssues explanation: Cap-and-trade was first popularized in the 1990s under President George
H.W. Bush as a means to efficiently reduce CO2 emissions.
Legislative Outcome: Passed House 91-38 on April 23; passed Senate 43-21; Erin Murphy sponsored the program report and then voted YES; signed by Gov. Pawlenty on May 19.
Source: Minnesota legislative voting records: HF 3195
, Feb 18, 2008
Page last updated: Jun 16, 2018