Waxman-Markey early action provisions criticized as unclear

The American Clean Energy and Security Act, drafted by Representatives Henry Waxman and Edward Markey, was approved by the House Energy and Commerce committee on May 21, 2009 and is now awaiting full House approval.

While the bill has garnered broad industry support, concerned have been raised about provisions for early adoption of carbon reduction strategies under the bill's cap-and-trade scheme. In particular, it recognizes state-established offset programmes only, meaning any projects not regi