Wednesday, November 11, 2009 9:56 AM
Need-To-Know Memo, Nov. 11
By Amy Harder, NationalJournal.com
1) Senate Finance Committee ranking member Charles Grassley, R-Iowa, and Chairman Max Baucus, D-Mont., focused on the economic impact of climate change legislation at a hearing Tuesday (Roll Call -- subscription). Senators also discussed the potential for job creation -- and the threat of jobs being exported (Reuters).
2) Baucus "is not guaranteeing his panel can take up climate change legislation this year." Senate Majority Harry Reid, D-Nev., plans to meet with committee chairmen Monday to discuss a timeline (CongressDailyPM -- subscription). For his part, Sen. John Kerry, D-Mass., signaled that the full Senate could take up climate change after health care and financial regulation reform (Politico).
3) Following a bipartisan meeting with senators Tuesday, U.N. Secretary General Ban Ki-Moon said he hopes the Senate can draft broad principles to reduce its greenhouse gas emissions but recognizes that lawmakers are unlikely to pass a bill before the Copenhagen negotiations in December (Politico). Both Sen. Joseph Lieberman, I/D-Conn. (Bloomberg News), and Kerry said they hope to forge the framework for a bipartisan bill before December (Reuters).
4) Whether President Obama travels to Copenhagen hinges on his upcoming trip to China, Rep. Edward Markey, D-Mass., said Tuesday at a conference hosted by the Council on Foreign Relations. The U.S. and China must work together to fight climate change, Markey said (NationalJournal.com).
5) "Governments must act now to ward off catastrophic climate change or face additional costs of $500 billion per year of delay, according to a report released Tuesday by the International Energy Agency" (Los Angeles Times).
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