The House version of the climate bill, Waxman-Markey’s ACES included a national building code (Section 201, page 214) which would have led to a 75% reduction in national energy use from buildings. Yet it is not in the Senate’s climate and clean energy bill, the recently unveiled American Power Act. … [continued]
A new climate bill proposal with bi-partisan and moderate-Democrat support changes a few critical features from previous proposals, but it still seems to keep to the aim. Supposedly, the (Cantwell-Collins) bill would achieve a 20% reduction in greenhouse gases by 2020 and an 83% reduction by 2050. Not only that, … [continued]
Auction revenues from cap and trade would be deposited into 10 new funds established by the legislation. Spending from those funds would not require any further appropriation action (read: filibuster!) CBO’s estimate of direct spending by these ten funds during the first ten years includes:
One of the contentious issues at Copenhagen is how much money to give to the developing world to help avert the sharp rise in carbon emissions expected in the about-to-industrialize countries. The funds are to come from the developed world, and this fund is generally framed in the US media … [continued]
Since the Waxman-Markey Cap and Trade bill is designed to reduce pollution by paying people who reduce pollution with money from polluters, it comes in for all the usual criticism from the fossil industries. They claim Al Gore something something, there’s no global warming, scientists didn’t consult me, it was … [continued]
