House Climate Leaders Introduce Mega Green Legislation

Long promised climate-related legislation was introduced today. More when I have a moment to catch up on this.

Markey and Waxman Introduce the AMERICAN CLEAN ENERGY and SECURITY ACT Discussion Draft

The American Clean Energy and Security Act (ACES) discussion draft is a comprehensive clean energy and climate bill that will create millions of new jobs, save American consumers hundreds of billions of dollars in energy costs, enhance America’s energy independence, national security and global competitiveness, and avert the climate crisis.

“This legislation will create clean energy jobs that can’t be shipped overseas, reduce our dependence on foreign oil, and make America the global leader in energy technology. We will create jobs by the millions, save money by the billions, and unleash energy investment by the trillions,” said Chairman Markey, who held several hearings on the major issues in the bill.

To meet these goals, the legislation has four titles:

· Creating Clean Energy Jobs: A clean energy title that promotes renewable sources of energy, carbon capture and sequestration technologies, low-carbon fuels, clean electric vehicles, and the smart grid and electricity transmission;

· Cutting Waste, Saving Money: An energy efficiency title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry;

· Cap Global Warming Pollution: A global warming title that places limits on emissions of heat-trapping pollutants; and

· Protecting Consumers: A transitioning title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy.