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All Documents in U.S. Law & Policy Tagged cap and trade

Clean Energy and Climate Legislation
This Is Our Moment

Overview
A comprehensive climate and energy bill that includes a cap to reduce emissions would provide the incentives that will create a foundation for the development of a clean energy economy in the United States.
The American Clean Energy and Security Act (ACES)
Legislation to build the clean energy future

Index of Fact Sheets
The American Clean Energy and Security Act, also known as the Waxman-Markey bill, has the major ingredients to generate millions of jobs, break our dependence on oil and reduce the pollution that causes global warming. Comprehensive energy and climate legislation will create the incentives necessary to build the clean energy economy and help make America a leader for the 21st century.
Legislative Analysis (Historical): The Climate Security Act, aka the Lieberman-Warner Bill
Overview
In June 2008, the U.S. Senate voted on but did not pass legislation to address the climate crisis. This page compiles NRDC analyses of many aspects of that bill. See also our analyses of the current legislation and the benefits of cap-and-trade policies.

Documents Tagged cap and trade in All Sections

DOs and DON’Ts for Creating Carbon Price Safeguards
Legislative Analysis
As the Senate takes up energy and climate legislation, many are considering the best approach to meet a strong cap on carbon emissions while assuring that carbon allowance prices remain reasonable and that market abuses are prevented. The core tools we need are a means to provide additional allowances to the market without breaking the law’s emissions cap, and a robust set of market regulation safeguards against market abuse. With these tools, Congress can deter price manipulation and place effective limits on prices without compromising the law’s vital climate protection objectives.
Get document in pdf.
Testimony re the "American Clean Energy and Security Act of 2009"
Presented by David Doniger before the U.S. House of Representatives, April 24, 2009

Testimony
This testimony covers three somewhat far-ranging topics which this panel has been asked to address: (1) coordinating the existing Clean Air Act and comprehensive new climate legislation, and in particular, defining the role of states; (2) assuring sound regulation of carbon markets; and (3) addressing our domestic and international adaptation needs. Get document in pdf.
Testimony of David G. Hawkins re the "American Clean Energy and Security Act of 2009"
Presented before the U.S. House of Representatives, April 23, 2009

Testimony
Coal has fueled economic growth in the world's largest economies. But we cannot solve the climate crisis unless we cut coal's global warming emissions dramatically. We have the tools to do this. But these tools will not be deployed at the required scale unless we enact new laws to cut global warming pollution. The proposed American Clean Energy and Security Act of 2009 (ACES), released by Chairmen Waxman and Markey in March, is a comprehensive program to cut emissions from coal and other sources of greenhouse gases and put America on a path to economic, energy, and climate security. We cannot afford to delay enactment of this program. Get document in pdf.
Testimony of NRDC president Frances Beinecke re the “American Clean Energy and Security Act of 2009”
Presented before the U.S. House of Representatives, April 22, 2009

Testimony
Passing effective climate legislation is NRDC's highest priority. It is vital to enact legislation this year. As President Obama said last week, the foundation for growth and prosperity in the 21st Century must be built on solid pillars. Clean, sustainable energy is one of those pillars, and promptly enacting comprehensive energy and climate legislation is the way to put that pillar in place. Rather than being a reason for delay, the current recession amplifies the importance of acting swiftly. If the American Clean Energy and Security Act were enacted tomorrow millions of clean energy jobs would be created, starting right away. There will be no impact on energy costs in the near term, however, since limits on carbon emissions would not go into effect until 2012. By that time the current recession should be in the rear view mirror. ... Get document in pdf.

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