Carbon Offsets Daily

After a week-long debate, a cloture vote was held at the US Senate today to determine the future of the Lieberman-Warner bill. Unable to reach the 60 vote mark that was needed to invoke cloture, The bill - in favor of a carbon cap-and-trade system, aimed to cut greenhouse emissions by 66 per cent over the next four decades. But the majority of the Republicans were opposed to the bill as it would have hiked up gas prices.

The odds were always against the bill, what with it even if it passed the Senate. According to the US President, the bill would cost the American economy a whopping $6 trillion and adversely impact the economy, though a