Forbes.com has an interesting editorial on why “all hope for action to limit climate change died” in 2010, when Senate Leader Harry Reid moved energy legislation this week with no firm caps on GHG emissions.

No doubt there are strong opinions on either side of the issue of what motivated the discussion of climate change and what caused Reid to move on energy legislation without GHG caps. This editorial writer suggests that a political issue “died” for political reasons.

The ACC Cap & Trade webinar will be held today at 3 pm EST. John Blaney, Senior Vice President, ICF International will discuss the rapid-fire changes going on in the legislative and policy world.

Reuters reports that the EPA will begin an economic impact analysis of a compromise climate change bill that Senator John Kerry hopes to move through the Senate this year. Senator Kerry noted that he and Senator Joseph Lieberman were “sending the bill to be modeled now with Lindsey Graham’s consent” referring to Sen. Graham who announced on April 24th that he was dropping out of the effort with Kerry and Lieberman to draft a climate bill. The EPA is expected to take more than a month to complete. Could the Senate be considering climate legislation as early as June?

With the health care vote out of the way, the Obama administration and Congress are once again focusing on climate change regulation.

President Obama’s top aides huddled yesterday with Senate Majority Leader Harry Reid and Democratic committee leaders to map out a strategy for cobbling together 60 votes on a comprehensive energy and climate change bill once lawmakers return next month from their spring break.

The Alabama Policy Institute has a good video detailing the expected costs of the Waxman-Markey Cap-and-Trade bill.