Carl Pope of the Sierra Club says that the world can benefit from shared environmentally-friendly technology and trade practices.

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Republican staffers for the Senate Committee on Environment and Public Works had a briefing Tuesday on cap and trade legislation proposed by Senators John Kerry (D-Mass.) and Barbara Boxer’s (D-Calif.), saying the proposal should not be passed without further explanation of both allowance allocations and the financial implications of the bill.

EPW Minority Deputy Staff Director Mike Catanzaro said Republican members need these concerns explained before the markup process begins.

Under the House’s sister Waxman-Markey bill, cap and trade allocations would be available to industries who comply with cap and trade emission standards.

Kerry and Boxer will introduce their bill to the Senate Wednesday.