Senate starts deliberations on cap-and-trade bill
Senate committee hearings began yesterday on the Clean Energy Jobs and American Power Act, co-authored by senators John Kerry and Barbara Boxer.
Boxer and Kerry have called for emissions to fall to 80% of 2005 levels by 2020, 58% by 2030 and 17% by 2050. The House bill, passed in June, differed slightly, calling for emissions to be reduced to 83% of 2005 levels by 2020. Both drafts had the same 2050 target and outlined the basis for a federal carbon cap-and-trade scheme.
It is hoped the US will have firm legislation on the table in time
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