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Democrats Introduce Energy And Climate Bill - CleanTech Brief - April 3, 2009
http://cleantechbrief.com/node/372

"House Democrats on Tuesday introduced The American Clean Energy and Security Act of 2009 (ACES), saying the time had come for Congress “to pass comprehensive energy and climate legislation.”

The bill addresses clean energy, energy efficiency, global warming and green jobs. It includes a cap and trade program and ensures “a continuing place for coal in our nation’s energy future.”

Supporters on the Energy and Commerce Committee said the bill would create jobs, reduce U.S. dependence on foreign oil and battle global warming.

Hearings on the bill will begin the week of April 20.

The legislation requires electricity suppliers to generate a certain percentage of their load from renewable resources (wind, biomass, solar geothermal). It also provides for investment in “new clean technologies,” including those that reduce greenhouse gas emissions by capturing carbon dioxide (CO2) and storing it underground.

In addition, the bill establishes a low-carbon transportation fuel standard to promote biofuels and other clean transport fuels and authorizes federal agencies to enter long-term contracts to purchase renewable energy.

In terms of combating global warming, the bill echoes the recommendations of the U.S. Climate Action Partnership (USCAP), a coalition of electric utilities, oil companies, automobile manufacturers, other industries and environmental activists.

The bill requires polluters to buy tradable emissions allowances and allows companies exceeding set pollution limits to buy “offsets” from other companies. It lowers the number of allowances issued each year to ensure emissions are reduced, while excluding entities emitting less than 25,000 tons of CO2 per year from the cap-and-trade program.

The bill also instructs the EPA to enter into agreements to prevent “international deforestation” as an additional measure against global warming. "
 
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