Sens. Joe Lieberman (I-Conn.) — [does this make him an Icon?] — and John Warner (R-Va.) unveiled their long-awaited climate plan. It looks pretty good to me because
- It is bipartisan — indeed, it follows the strategy recommended by moderate senators like Mary Landrieu (D-La.), Lindsey Graham (R-S.C.), Blanche Lincoln (D-Ark.)
- It starts quickly — by 2012 we must return to 2005 levels.
- It has a credible 2050 target — and requires regular reports from the National Academy of Sciences on the “extent to which the emissions reductions achieved under the Act no, together with actual steps taken by other nations, stabilize atmospheric greenhouse gas concentrations at a level adequate to forestall catastrophic impacts of climate change.”
- It does not have a safety valve, but instead has banking and borrowing.
This plan will be the starting point for legislation from Sen. Boxer (D-CA). Here is a detailed summary from Greenwire (subs. req’d):