House Energy and Commerce Committee Chairman Henry Waxman, D-Calif., is promising to pass global warming legislation through his panel by Memorial Day. As lawmakers begin to craft a climate change package, how should they design a cap-and-trade program to control greenhouse gases from the transportation sector?
What part of the fuel chain should be forced to obtain emission allowances? Should revenues from transportation sources be returned to the industry to help companies reduce their greenhouse gases? And if so, how?
-- Lisa Caruso and Margaret Kriz, NationalJournal.com