Senate puts climate bill on hold

Democratic leaders in the Senate decided today to put off more debate on the proposed climate change legislation for at least five weeks so the EPA can do an analysis of what the bill would cost to implement.

The delay will mean that any vote on the bill will almost certainly not occur until next year. This also means that no bill will be passed before the U.N. climate change summit in Copenhagen on December 7 despite pleas from German Chancellor Angela Merkel and U.N. Secretary General Ban Ki-moon for the U.S. to set the tone for the discussion by passing its own binding legislation.

With a lack of legislation before the summit, the U.S. team of negotiators will not have any mandate from Congress on what they should negotiate for. This could limit the team's willingness to agree to binding carbon emission reduction targets, something that U.S. negotiators have been hesitant to agree to in the past.

For more information, check out this story from Business Green.