Waxman-Markey Bill
The American Clean Energy and Security Act, ACES, H.R. 2454, previously known as the Waxman-Markey climate and energy bill, was passed by the US House of Representatives on 26 June 2009.
The bill's aim is stated as being:
- To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.[1]
The bill comprises five titles:
Title I – Clean Energy: would set standards for conventional and renewable energy technologies and provide funds to support the development of clean energy projects and technologies.
Title II – Energy Efficiency: would mandate new energy efficiency standards for appliances, buildings, transport and industry and provide funds to support energy efficiencThe American Clean Energy and Security Act, ACES, H.R. 2454, previously known as the Waxman-Markey climate and energy bill, was passed by the US House of Representatives on 26 June 2009.
The bill's aim is stated as being:
- To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.[2]
Notes
- ↑ H.R. 2454: American Clean Energy and Security Act of 2009, govtrack.us website, accessed 7 Nov 2009
- ↑ H.R. 2454: American Clean Energy and Security Act of 2009, govtrack.us website, accessed 7 Nov 2009
y projects and technologies.
Title III – Reducing Global Warming Pollution: would create a national cap-and-trade scheme that would reduce GHG emissions from major sources by 17 percent by 2020 and 83 percent by 2050 relative to 2005 levels.
Title IV – Transitioning to a Clean Energy Economy: would provide financial assistance to those industries and persons affected by the Bill’s provisions and protect consumers from increases in energy prices.
Title V – Offsets from Domestic Forestry & Agriculture: would provide opportunities for domestic emissions from the forestry and agricultural sectors.[1]
Notes
- ↑ The Waxman-Markey Bill at a Glance, Think Carbon website, accessed 7 Nov 2009
