Government Advocacy

Should Congress pass comprehensive climate change legislation that includes a cap-and-trade system or carbon tax?

Background
Concerns about the effect of carbon dioxide on climate change have prompted governments to consider restrictions on emissions from industries. A cap and trade program would place a cap on nationwide emissions of greenhouse gases and require industries and energy companies to purchase emissions certificates to continue operations. These certificates would then be traded on an open market allowing companies to purchase or sell credits based on their need for emissions. The number of certificates available would decrease with time in an attempt to gradually reduce emissions. Profits from the program would be returned to vulnerable companies consumers and invested in alternative energy technologies. Data from the National Association of Manufacturers shows that the economic impact of carbon cap and trade legislation could be substantial. According to the study, by 2030, electricity prices could increase by 129 percent. Dramatic increases in the cost of electricity and gasoline could lead to job losses of up to four million. By 2030, losses in the printing industry alone could total more than $1 billion. The paper industry, on which print is dependent, could stand to lose $30 billion.

Printing Industries of America Position
The printing and graphic communications industry is committed to responsible environmental stewardship. Printing Industries of America supports voluntary measures to reduce greenhouse gas emissions but is concerned about the possible effects of a mandatory cap and trade program. Cap and trade legislation would have a significant impact on America’s global competitiveness. Printers are working hard to be more sustainable and reduce emissions and Printing Industries of America looks forward to working with Congress as comprehensive climate change legislation is developed and debated.

111th Congress and Obama Administration
The Obama administration supports the establishment of a nationwide carbon cap and trade program either through Congressional action or through the regulatory power of the Environmental Protection Agency. House Energy and Commerce Chairman Henry Waxman (D-CA) has introduced legislation and would like to see the full House consider this bill this year. Consideration of cap and trade could be difficult in the Senate where Rust Belt Democratic Senators have been openly skeptical of legislation that could reduce industrial employment.

Key Committees: Senate Energy and Natural Resources; Senate Finance; House Energy and Commerce; House Ways and Means; House Natural Resources

Advocacy

• Printing Industries of America Key Vote Card: H.R. 2454

Research & Industry Data

• Cap & Trade Impact on Printers: Economic Analysis