International Forestry Issues in Climate Change Bills: Comparison of Provisions of S.1733 and H.R. 2454

Open CRS
http://opencrs.com/document/R40990/2009-12-22/download/1013/ or here (pdf)

[From Summary]  Deforestation releases substantial amounts of carbon dioxide, about 17% of all anthropogenic greenhouse gas (GHG) emissions. Legislation has been proposed for U.S. targets to reduce GHG emissions. The two primary bills, H.R. 2454 and S. 1733, include provisions that would reduce emissions from deforestation and forest degradation; these activities are referred to as REDD. Both bills would use allowances to build capacity in developing countries and supplement U.S. emissions reductions; both would allow offsets for U.S. industries; and both contain a reserve to stabilize carbon prices. The bills are generally similar on allowances for REDD activities, but significant differences exist.