Collins: GOP political support for carbon caps depends on where the money goes



Collins -- a leading GOP centrist -- has co-sponsored a version of cap-and-trade with Sen. Maria CantwellMaria CantwellOvernight Energy: Democrats take on key Trump Interior nominee Democrats prod Trump Interior nominee over lobbying work Cohn, Mnuchin visit Capitol Hill to discuss tax reform MORE (D-Wash.) that would send three-fourths of the money from federal emissions permit auctions directly to consumers.

The architects of a competing climate plan -- Sens. John KerryJohn KerryColombia's president is a foreign guest Trump should listen to Anti-ISIS cyber op struggled with issue of notifying allies How American compassion, vision and innovation can end the AIDS epidemic MORE (D-Mass.), Lindsey GrahamLindsey GrahamManchester attack will change focus of Trump’s NATO meeting Dem rep: If you believe in math, you can't believe in Trump's budget Overnight Finance: Inside Trump's first budget | 66 programs on the chopping block | Hearing highlights border tax divide | Labor to implement investment adviser rule MORE (R-S.C.) and Joe Lieberman (I-Conn.) -- have said they will include elements of the Cantwell-Collins approach, but have not provided specifics. Kerry, Graham and Lieberman plan to unveil their bill next week.

There are several differences between the approaches.

Cantwell and Collins would cap carbon from "upstream" sectors like oil producers and coal mining companies.

The Kerry-Graham-Lieberman measure is under development, but they plan to create a cap-and-trade program applied to electric utilities that would later fold in other types of industrial plants.

Collins spoke Tuesday at an energy and climate forum hosted by the National Journal Group.