From the National Wildlife Federation via E-Wire:
..."The Climate Security Act provides the best hope for saving wildlife at risk of extinction and for conserving ecosystems that are essential for both wildlife and people."
Under the bill's carbon cap-and-trade system, global warming pollution would be capped at levels that enable the U.S. to achieve 2 percent annual reductions through the middle of the century. Permits to release global warming pollution would be auctioned annually. Revenues from these auctions would be dedicated to various public purposes, including conservation of wildlife and other natural resources at risk from global warming.
During the first 19 years of the program the bill would raise an estimated $175 billion in revenue for wildlife and natural resource conservation. With this critically needed funding, managers of wildlife, land and water would be able to effectively utilize a number of tools at their disposal to protect and restore wildlife and ecosystems harmed by global warming. The bill would provide substantial investments to state and federal agencies to reduce non-climate stressors on ecosystems, prevent and control invasive species, and protect coastal wetlands and address the impacts of sea level rise....