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Cost drives Senate climate debate
|From higher electric bills to more expensive gasoline, the possible economic cost of tackling global warming is driving the debate as climate change takes center stage in Congress.|
Legislation set for Senate debate Monday would require a reduction in carbon dioxide and other greenhouse gases from power plants, refineries, factories and transportation. The goal is to cut heat-trapping pollution by two-thirds by midcentury.
With gasoline at $4 per gallon and home heating and cooling costs soaring, it is getting harder to sell a bill that would transform the country's energy industries and — as critics will argue — cause energy prices to rise even more.
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