A look at Lieberman-Warner Climate Security Act

clipped from www.csmonitor.com How much will it cost to fix the climate? The numbers vary. Even when experts look at the same data, they can come to vastly different conclusions. By Brad Knickerbocker The proposed Lieberman-Warner Climate Security Act of 2008, sponsored by Sens. Joseph Lieberman (I) of Connecticut and John Warner (R) of Va., would cap the greenhouse-gas emissions that cause global warming and establish a market-based trading program for companies to meet the cap – a so-called cap-and-trade system. The goal is to lower emissions 63 percent below 2005 levels by the year 2050. The Environmental Protection Agency (EPA) recently issued its economic analysis of the bill. Not surprisingly, supporters and opponents each found things in it to bolster their arguments. Congressional Quarterly quotes Sen. Barbara Boxer (D) of California, who chairs the Environment and Public Works Committee, as saying: "Americans will pay significantly more at the pump, in their homes, and in many cases, with their jobs."