The centerpiece is the so-called cap-and-trade system, which would set limits on carbon dioxide and other emissions that scientists say are a major factor in global warming. The allowed level of such emissions would decline over time. And major polluters, such as power plants and factories, would be required to obtain permits to cover their emissions as a spur to reducing pollution.
The original idea was that the government would sell the permits, but the House voted to give out many of them free to ease the economic effects.
The Senate bill also is likely to include a variety of provisions designed to encourage development of energy sources, including wind and solar power. Those could include financial and legal provisions to speed construction of transmission lines to move power from the remote deserts and plains -- where it's easily produced -- to coastal cities where it's needed.
The quest for new energy sources is expected to reopen the politically explosive issue of offshore drilling.
Looming over all the provisions is cost -- a focal point of Republican attacks.
"The public is especially wary of passing this during a major recession, and public skepticism is growing about the man-made climate fears," said Marc Morano, editor of the global-warming-skeptic website ClimateDepot.com.
Democrats and the two independents who caucus with them control 60 Senate seats. But more than a dozen have expressed concern over costs. They include Democrats from industry-heavy Ohio and Michigan, coal-dependent Indiana and oil-rich Louisiana.
Only a few Republicans appear open to emissions limits, notably two moderates from Maine -- Sens. Susan Collins and Olympia J. Snowe -- and Sen. John McCain of Arizona, who championed emissions limits in his presidential campaign (though he has expressed reservations about the House bill).
The Senate bill will emerge from several committees -- including the finance, foreign relations, commerce and agriculture committees -- with dramatically different memberships and priorities.
The energy committee already has approved its chunk with wide bipartisan support. It includes a requirement to produce more electricity from renewable sources, but also expands drilling -- a possible deal-breaker for environmentalists.
Boxer's committee will center its work on cap and trade. The House bill would cut U.S. emissions by 17% below 2005 levels by 2020 and 83% by 2050. Environmentalists expect Boxer, who said she was "looking closely" at those limits, to strengthen them.
--
jtankersley@latimes.com