Gilchrest-Olver Climate Stewardship Act

Greenhouse gas cap-and-trade bill introduced in U.S. House of Representatives

The Climate Stewardship Act, introduced on March 30, 2004 by U.S. Representatives Wayne Gilchrest (R–MD) and John W. Olver (D–MA), is the House companion of the bill introduced in the U.S. Senate by Senators Joseph I. Lieberman (D–CT) and John McCain (R–AZ) in 2003.  Starting in 2010, the Gilchrest-Olver bill would cap greenhouse gas emissions of the electricity generation, transportation, industrial, and commercial economic sectors at the 2000 level, while providing for market-based trading of emission allowances. 

The bill has been co-sponsored by a bi-partisan group of Representatives: Sherwood Boehlert (R-NY), Diana DeGette (D-CO), Vernon Ehlers (R-MI), Harold Ford, Jr. (D-TN), Jim Greenwood (R-PA), Amo Houghton (R-NY), Jay Inslee (D-WA), Sue Kelly (R-NY), Nancy Johnson (R-CT), Zoe Lofgren (D-CA), Robert Menendez (D-NJ), Christopher Shays (R-CT), Rob Simmons (R-CT), Hilda Solis (D-CA), Mark Udall (D-CO), Chris Van Hollen (D-MD), Henry Waxman (D-CA) and James Walsh (R-NY).

"I applaud Congressmen Wayne Gilchrest (R-MD) and John Olver (D-MA) for their introduction of The Climate Stewardship Act. By starting with a modest cap on U.S. emissions and providing for market-based trading, this bill will reduce emissions while not placing undue hardship on U.S. companies."
                                                        - Eileen Claussen, President
                                                         Pew Center on Global Climate Change.


Understanding the Climate Stewardship Act 

Summary of Gilchrest-Olver Climate Stewardship Act, 2004 [1]

Summary of Lieberman-McCain Climate Stewardship Act, 2003 [2]

An economic analysis of the Lieberman-McCain Climate Stewardship Act cap-and-trade program performed by the Massachusetts Institute of Technology's Joint Program on the Science and Policy of Global Change. Also applies to Gilchrest-Olver cap-and-trade program.
Summary of MIT Analysis of Lieberman-McCain Climate Stewardship Act [3]

A review of six diverse U.S. emissions trading programs.
Emissions Trading in the U.S.: Experience, Lessons and Considerations for Greenhouse Gases - A Pew Center Report [4]

Options for designing a domestic greenhouse gas reduction program.
Designing a Mandatory Greenhouse Gas Reduction Program for the U.S. - A Pew Center Report [5]

Characteristics of the growing international market for GHG emissions. 
The Emerging International Greenhouse Gas Market - A Pew Center Report [6]

A diverse group of business, government, and environmental leaders recommends a framework for a possible mandatory greenhouse gas reduction program for the United States.
Proceedings of the Aspen Institute/Pew Center Joint Conference [7]