Green Options » boucher http://greenoptions.com/tag/boucher Posts tagged 'boucher' Thu, 09 Oct 2008 17:50:41 +0000 http://wordpress.org/?v=2.5.1 en House Finally Releases Plan for Carbon Cap and Trade http://redgreenandblue.org/2008/10/09/house-committee-finally-unveils-plan-for-carbon-cap-and-trade/ http://redgreenandblue.org/2008/10/09/house-committee-finally-unveils-plan-for-carbon-cap-and-trade/#comments Thu, 09 Oct 2008 17:50:41 +0000 Timothy B. Hurst http://redgreenandblue.org/2008/10/09/house-committee-finally-unveils-plan-for-carbon-cap-and-trade/ Leaders of the House Energy and Commerce Committee have finally released their highly-anticipated draft legislation to cap greenhouse gas emissions. The proposal (pdf) is modeled after the Senate bill that was introduced, debated, but not voted on earlier this year. However, the draft legislation also contains some some substantial differences between the Senate version.

The draft would require 6 percent emission reductions by 2020, compared to 19 percent in the Senate bill. But the caps would accelerate in later years to require 80 percent reductions by 2050, which is actually faster than the total proposed reductions in the Senate version. The eighty percent reduction by 2050 would also matched the proposed targets released by Democratic candidate for President, Barack Obama.

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