Draft of US senate climate bill out at last

A US Senate committee has finally received draft text for a bill on clean energy and cap-and-trade measures on greenhouse gases. Carbon allowance auctioning provisions have been watered down and passage of the bill into law remains far from guaranteed

US senators have released a long-awaited draft climate and energy bill aimed at improving energy security and cutting US greenhouse gas emissions by 17% by 2020 relative to 2005. The legislation would bring in new incentives for renewable, nuclear and clean coal power generation and electric vehicles.1

Released by senator Barbara Boxer of California, chair of the influential Senate Committee on Environment and Public Works (EPW), the discussion draft proposes progressive economy-wide emissions cuts of 83% by 2050. Cap-and-trade measures focus on emissions from power plants, heavy manufacturing, natural gas distribution and transport, together accounting for more than 85% of US emissions and covering about 7,500 installations.

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