US Representatives Henry A. Waxman of California and Edward J. Markey of Massachusetts have unveiled a draft of a rather ambitious bill that would provide incentives for states to move away from coal dependency, among other things.
While the nuts and bolts of the Waxman-Markey bill, also known as the American Clean Energy and Security Act (ACES), mirror President Obama’s proposals to move the country away from its dependency on fossil fuels, it sets a higher standard for capping greenhouse emissions by 2020. The Waxman-Markey bill requires that emissions be reduced 20 percent from 2005 levels by 2020, while Obama’s plan calls for a 14 percent reduction by 2020. According to a plain-English breakdown of the bill on NYTimes.com, both would reduce emissions of carbon dioxide, methane and other greenhouse gases by roughly 80 percent by 2050.
Waxman, chairman of the Energy and Commerce Committee, said in a statement that the measure would create jobs and provide a gradual transition to a more efficient economy.
“Our goal is to strengthen our economy by making America the world leader in new clean-energy and energy-efficiency technologies,” Waxman said.
Markey echoed Waxman’s sentiments on the bill stating, “This legislation will create clean energy jobs that can’t be shipped overseas, reduce our dependence on foreign oil, and make America the global leader in energy technology. We will create jobs by the millions, save money by the billions, and unleash energy investment by the trillions,” said Chairman Markey, who held many hearings on the major issues in the bill. “Chairman Waxman and I will work with our colleagues to ensure that we are protecting American consumers and that our clean energy future helps all parts of the country.”
The ACES proposal, which currently lacks any Republican support, could not be making its debut at a rougher time. Not only are many Americans unsure of how to proceed when it comes to clean energy & climate control, but many elected officials are wavering on their stances as well. With the economy being at a touch-and-go state, and the cost of “going green” far outweighing the immediate benefits, many politicians are criticizing the bill’s pushes towards a reliance on technologies that haven’t been invented or made readily available.
For example, the bill would require every region of the country to produce a quarter of its electricity from renewable sources like wind, solar and geothermal by 2025. A number of lawmakers around the country, particularly in the Southeast, call that goal unrealistic because the natural resources and technology to meet it do not yet exist.
However, for states like Virginia, there is a light at the end of the tunnel when it comes to moving away from its coal lifeline. The ACES includes $10 billion in new financing for the development of technology to capture and store emissions of carbon dioxide from the burning of coal, which currently produces half of the nation’s electricity.
Representative Rick Boucher (D-VA), honed in on that provision, noting that coal would remain a major part of the nation’s energy mix for decades to come. While Boucher, like many of the VA politicians, isn’t expressing strong views either way on the bill or clean energy legislation itself, a number of progressive & environmentalist groups have spoke out in support of the draft.
Dr. Richard H. Moss, vice president for climate change at World Wildlife Fund (WWF), praised the 650-page document stating, “The American Clean Energy and Security Act…is a major first step toward a strong cap and trade bill that will cut emissions, jump-start a new clean energy economy, and strengthen the ability of the Obama administration to negotiate a fair and effective global climate deal this December in Copenhagen. This is a strong draft bill that addresses the key elements of a global solution to the climate crisis. We look forward to working with the Chairmen to make it even stronger prior to formal introduction.” [Read the full statement here]
The Energy and Commerce Committee will complete consideration of the legislation by Memorial Day. The preliminary schedule follows:
- Week of April 20: Energy and Environment Subcommittee Hearings
- Week of April 27: Energy and Environment Subcommittee Markup Period Begins
- Week of May 11: Full Energy and Commerce Committee Markup Period Begins
[Read the full text of the ACES bill here]
I’m going to be completely honest…I’ve been suffering from the worst case of writer’s block my creative genius has ever seen!
