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 Elaine CantwellHillicon Valley: Lawmakers target Chinese tech giants | Dems move to save top cyber post | Trump gets a new CIA chief | Ryan delays election security briefing | Twitter CEO meets lawmakers Twitter CEO meets with lawmakers to talk net neutrality, privacy Senate Dems urge Trump to remain in Iran deal ahead of announcement 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 Forbes KerryJohn Kerry to NYU Abu Dhabi: We can't address world problems by 'going it alone' Juan Williams: Trump's dangerous lies on Iran Pompeo: US tried, failed to achieve side deal with European allies MORE (D-Mass.), Lindsey GrahamLindsey Olin GrahamSenate GOP urges Trump administration to work closely with Congress on NAFTA Graham: Trump will 'end North Korea’s threat to the American homeland' in his first term Sunday shows preview: Lawmakers weigh in after Texas school shooting 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.