Issues: Global Warming

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All Documents in Global Warming Tagged cap 2.0

A Clean Energy Bargain
More Jobs, Less Global Warming Pollution, and Greater Security for Less Than the Cost of a Postage Stamp a Day
Issue Paper

The United States took an important step toward economic recovery, environmental protection, and energy security when the House of Representatives passed the American Clean Energy and Security Act (ACES). This sound climate and clean energy legislation will protect the planet for less than the cost of a postage stamp a day per household, and represents a great investment in America's future — now it's up to the Senate to turn this bill into a law.

Analysis of H.R. 2454, the American Clean Energy and Security Act (ACES)
Legislative Analysis

An analysis of H.R. 2454, the American Clean Energy and Security Act (ACES), outlining the potential of the legislation for creating millions of jobs, breaking our dependence on oil, and reducing the pollution that causes global warming. The analysis also includes suggestions for strengthening this critically important legislation. Get document in pdf.

Boosting Energy Efficiency Nationwide Through Measurement and Performance-Based Rewards
Fact Sheet

Energy efficiency is the most cost effective means for reducing global warming pollution. According to McKinsey and Company, the energy bill savings from efficiency investments could roughly offset the cost of implementing a mandatory carbon cap. And many of these investments already make sense economically: McKinsey estimates that a $50 billion per year investment could result in $1.2 trillion in energy bill savings by 2020 while reducing end-use energy consumption by about 23 percent of projected demand. In addition to saving Americans money on their utility bills, investments in energy efficiency would put downward pressure on electricity, natural gas, and carbon allowance prices (when a carbon cap has been established), while creating 600,000 to 900,000 new jobs. Establishing a reliable measurement for energy efficiency performance and rewarding success in improving performance will help America reach its full energy-saving potential. Get document in pdf.

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.
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