A common person’s guide to the American Clean Energy and Security Act of 2009

Grist (Jun 3 2009) Construction , Cap and Trade , Carbon Tax , Emissions , Fossil Fuel

1. On May 21, following months of work, the House Energy and Commerce Committee passed the American Clean Energy and Security Act of 2009, a 946-page piece of climate legislation. There have been mixed reactions from environmental and climate groups, but most groups are in agreement that it needs to be strengthened going forward. For some groups the problems they see with the bill have led to their public withdrawal of support. These groups include Greenpeace USA and Friends of the Earth. The Chesapeake Climate Action Network also does not support the bill in current form. Below is a summary analysis of the main features of the bill. -Cap and Trade System: The bill would establish a “cap-and-trade” system which sets mandatory and declining limits on greenhouse gas emissions over the next 40 years. By 2050 it projects reductions of 83% from 2005 levels for the United States. It does this ... (Read Full Article)

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