U.S. Congress - S.2191 America's Climate Security Act of 2007
S.2191 - America's Climate Security Act of 2007
A bill to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes. view all titles (3)
All Bill Titles
- Short: America's Climate Security Act of 2007 as introduced.
- Short: Lieberman-Warner Climate Security Act of 2007 as reported to senate.
- Official: A bill to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes. as introduced.
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Latest Action May 20, 2008Committee on Environment and Public ... Related Bills (1) & Issues (160) Users Tracking S.2191 (189)
OpenCongress Summary
This is Congress' leading proposal to address climate change and global warming. It seeks to reduce greenhouse-gas emissions by about 63 percent below present levels by 2050 through imposing limits on the emissions that manufacturers and utilities can release. It would also establish a carbon-trade market to encourage polluters to clean up their operation in the name of profit. It will be taken up by the Senate in June, and voting will take place on a manager's amendment that has been offered by Barbara Boxer. The vote and debate is expected to be extremely contentious. 10/18/2007--Introduced.America's Climate Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish: (1) a greenhouse gas (GHG) registry; and (2) a GHG emission allowance transfer system for covered facilities, including specified facil
America's Climate Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish:
(1) a greenhouse gas (GHG) registry; and
(2) a GHG emission allowance transfer system for covered facilities, including specified facilities within the electric power and industrial sectors and facilities that produce or entities that import petroleum- or coal- based transportation fuel or chemicals. Sets forth emission allowances for 2012-2050, with a declining cap on GHGs.
Provides for selling, exchanging, transferring, submitting, retiring, or borrowing emission allowances. Establishes:
(1) a domestic offset program to sequester GHGs in agriculture and forests; and
(2) the Bonus Allowance Account. Establishes the Carbon Market Efficiency Board, which shall observe and report on the national GHG emission market and provide cost relief measures if it determines that the market poses significant harm to the U.S. economy.
Provides for the distribution of emission allowances, including initially giving allowances to:
(1) specified owners and operators of covered facilities;
(2) states;
(3) load-serving entities that deliver electricity to retail consumers;
(4) the Secretary of Agriculture to reduce GHG emissions in the agriculture and forestry sectors;
(5) international forest protection activities; and
(6) the Emission Allowance Account for covered facilities in the electric power and industrial sectors.
Establishes in the Treasury and provides for allocations from:
(1) the Energy Assistance Fund;
(2) the Climate Change Worker Training Fund;
(3) the Adaptation Fund; and
(4) the Climate Change and National Security Fund. Establishes the Climate Change Credit Corporation to auction emission allowances. Provides for the use of auction proceeds, including for a zero- or low-carbon energy technologies program, an advanced coal and sequestration technologies program, incentives for production of fuel from cellulosic biomass, and an advanced technology vehicles manufacturing incentive program.
Amends the Energy Policy and Conservation Act to set forth provisions concerning appliance energy efficiency requirements and state building energy efficiency code updates.
Requires the President to establish an interagency group to determine whether foreign countries have addressed GHGs. Directs the Administrator to establish an international reserve allowance program. Requires the proceeds from sales of such allowances to be used to mitigate the negative impacts of climate change on other countries' disadvantaged communities.
Amends the Safe Drinking Water Act to require the Administrator to permit commercial-scale underground injection of carbon dioxide for purposes of geological sequestration.
Requires the Secretary of Energy to study the feasibility of the construction of:
(1) pipelines for the transportation of carbon dioxide for sequestration or enhanced oil recovery; and
(2) geological carbon dioxide sequestration facilities. Directs the Administrator to establish a task force to study the cost implications of potential federal assumption of liability with respect to closed geological storage sites.
Authorizes the President to waive this Act's requirements in a national security emergency.
Requires the Securities and Exchange Commission (SEC) to direct securities issuers to inform investors of material risks related to climate change.
...Read the Rest
Official Summary
10/18/2007--Introduced.America's Climate Security Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish:
(1) a greenhouse gas (GHG) registry; and
(2) a GHG emission allowance transfer system for covered facilities, including specified facilities within the electric power and industrial sectors and facilities that produce or entities that import petroleum- or coal- based transportation fuel or chemicals. Sets forth emission allowances for 2012-2050, with a declining cap on GHGs.
Provides for selling, exchanging, transferring, submitting, retiring, or borrowing emission allowances. Establishes:
(1) a domestic offset program to sequester GHGs in agriculture and forests; and
(2) the Bonus Allowance Account. Establishes the Carbon Market Efficiency Board, which shall observe and report on the national GHG emission market and provide cost relief measures if it determines that the market poses significant harm to the U.S. economy.
Provides for the distribution of emission allowances, including initially giving allowances to:
(1) specified owners and operators of covered facilities;
(2) states;
(3) load-serving entities that deliver electricity to retail consumers;
(4) the Secretary of Agriculture to reduce GHG emissions in the agriculture and forestry sectors;
(5) international forest protection activities; and
(6) the Emission Allowance Account for covered facilities in the electric power and industrial sectors.
Establishes in the Treasury and provides for allocations from:
(1) the Energy Assistance Fund;
(2) the Climate Change Worker Training Fund;
(3) the Adaptation Fund; and
(4) the Climate Change and National Security Fund. Establishes the Climate Change Credit Corporation to auction emission allowances. Provides for the use of auction proceeds, including for a zero- or low-carbon energy technologies program, an advanced coal and sequestration technologies program, incentives for production of fuel from cellulosic biomass, and an advanced technology vehicles manufacturing incentive program.
Amends the Energy Policy and Conservation Act to set forth provisions concerning appliance energy efficiency requirements and state building energy efficiency code updates.
Requires the President to establish an interagency group to determine whether foreign countries have addressed GHGs. Directs the Administrator to establish an international reserve allowance program. Requires the proceeds from sales of such allowances to be used to mitigate the negative impacts of climate change on other countries' disadvantaged communities.
Amends the Safe Drinking Water Act to require the Administrator to permit commercial-scale underground injection of carbon dioxide for purposes of geological sequestration.
Requires the Secretary of Energy to study the feasibility of the construction of:
(1) pipelines for the transportation of carbon dioxide for sequestration or enhanced oil recovery; and
(2) geological carbon dioxide sequestration facilities. Directs the Administrator to establish a task force to study the cost implications of potential federal assumption of liability with respect to closed geological storage sites.
Authorizes the President to waive this Act's requirements in a national security emergency.
Requires the Securities and Exchange Commission (SEC) to direct securities issuers to inform investors of material risks related to climate change.
...Read the Rest
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11/05/08
America Did Not Elect Al Gore
...last summer, the veil on its staggering cost had been lifted. The world’s most ambitious, enforceable carbon regime to date, S.2191 would impose exorbitant costs and require unprecedented expansion of the federal control, but would yield no measureabl
Source:
National Review Online
06/16/08
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In the event of climate change legislation with relatively strict cap and trade provisions, such as S.2191 â the Lieberman-Warner Climate Security Act, ...
Source:
Right Side News, GA
06/14/08
Director is a genuine professional
With the Lieberman-Warner âClimate Security Actâ (S. 2191) dead in the Senate, we now have an opportunity to seriously consider the welfare of our ...
Source:
Chester DailyLocal.com, USA
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Hall of Record: Killing Coal And Killing Our Economy
Energy Market and Economic Impacts of S. 2191, the. Lieberman-Warner Climate Security Act of 2007. Report prepared by. Office of Integrated Analysis and Forecasting Energy Information Agency (EIA) U.S. Department of Energy April 2008 ...
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Hall of Record
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