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A $3 trillion climate change battle

Regulating greenhouse gases will generate a lot of money. Who should get it?

A climate-change bill that has widespread support as it heads to the Senate floor will create an estimated $150 billion of new assets in the first year it takes effect. Between now and 2050, regulating greenhouse gases could easily generate $3 trillion worth in value in the United States.

Should that value go to utility companies, electricity customers who will face rising rates, government investments in new technology or tax cuts? Or should it be returned to all Americans?

By Marc Gunther, senior writer at Fortune:

 http://money.cnn.com/2008/05/14/news/economy/climate_change_bill.fortune/index.htm?postversion=2008051507

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