Financing for International Adaptation in S. 1733 and H.R. 2454

Nicholas Institute Discussion Memo Prepared for the National Religious Partnership for the Environment

Author(s): Joshua Schneck

Published: October 2009

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Senate bill S. 1733, the “Clean Energy Jobs and American Power Act of 2009,” sponsored by Senators Kerry and Boxer, is similar to the counterpart bill in the House, H.R. 2454.  With regard to funding for international adaptation, there are some differences in the percentage of allowances allocated, as well as differences in the estimated value of emission allowances under the two bills.  For the period 2012-2030, total funding for international adaptation is slightly higher in S. 1733 than in H.R. 2454, with an additional $1.39 billion set aside.  This memo summarizes key differences between the two bills, and provides a dollar estimate of allowances reserved for international adaptation in S. 1733, for the years 2012-2030.