Electric Utility Cap and Trade Act
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The legislation would set an emissions "cap and trade" system for electric utilities only. The cap would begin in 2011 and require a decrease in greenhouse gas emissions from electric utilities of 8 percent by 2020 and 41 percent by 2050. The bill would also establish a Climate Science Advisory Board to inform the administration and Congress of the state of climate science, and make recommendations to achieve climate stabilization; provide R&D funding for low- and zero-emitting carbon technologies, clean coal technologies, and energy efficient technologies relevant to the utilities industry; and require periodic evaluations by the Environmental Protection Agency to determine whether emissions targets are adequate.
Sens. Dianne Feinstein (D-Calif.) and Tom Carper (D-Del.) introduced the OpenCongress: Electric Utility Cap and Trade Act of 2007 (S.317) on January 17, 2007 to "to amend the Clean Air Act to establish a program to regulate the emission of greenhouse gases from electric utilities." It was referred to the Senate Committee on Environment and Public Works.
Articles and resources
- Senate Committee on Environment and Public Works
- Climate change
- Global warming
- Kyoto Protocol