cap-and-trade – Page 5

Where is Cap & Trade Legislation Now?

The debate over a national cap and trade system for carbon is moving along in Congress, though probably not as quick as the Obama administration would prefer. The Waxman-Markey Bill (HR 2454) certainly has as its cornerstone a national cap and trade system as has been previously blogged. The Bill sailed through the House Energy and Commerce Committee.

The real battle may lay in the House Ways and Means Committee where Republican members are pushing for a mark-up of the Bill, meaning Members would have a chance to offer amendments to address the concerns they have heard from their respective constituents.

06/16/2009 3 comments

Renewable Energy

Cap-and-Trade Legislation Approved By Congressional Committee

written by Ceylan Thomson

A key U.S. congressional committee has approved historic legislation that for the first time would put a cap and a price on carbon dioxide emissions. After weeks of debate and an intensive, multi-million dollar lobbying campaign by industry and environmental groups, the House Energy and Commerce Committee passed a bill calling for a 17 percent reduction in greenhouse gas emissions below 2005 levels by 2020 and an 83 percent reduction by 2050.

05/22/2009 0 comment