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American Clean Energy and Security Act
What's in the bill?
Central to the American Clean Energy and Security Act (H.R. 2454) is a 'cap and trade' program for reducing greenhouse gas emissions from electric utilities, oil companies and other sources. The bill also supports the development of clean energy technologies and infrastructure and promotes energy efficiency in buildings, transportation and appliances. Among many other things, the bill would trigger emissions standards for stationary sources that are not covered by the cap and trade program, emissions standards for a variety of vehicle types (including new heavy duty trucks and other types of non-road vehicles and engines) and requirements for state and local transportation planners to better link transportation and land-use decisions.
Title I: Clean Energy: Sets a combined efficiency and renewable electricity standard; creates a carbon capture and sequestration program; calls for clean transportation infrastructure and investment (electric vehicles, diesel emissions reduction, fleet vehicles, etc.), Smart Grid advancement, transmission planning, clean energy (e.g., nuclear) investment and support, etc.
Title II: Energy Efficiency: Establishes energy efficiency programs for buildings (codes, retrofit programs, energy performance labeling program, etc.) and for lighting and appliances; sets emissions standards to promote transportation efficiency, including greenhouse gas emission standards for mobile sources; energy efficiency programs for industry and clean energy in manufacturing and national energy efficiency goals, calls for programs and resources to build energy efficient neighborhoods and homes, etc.
Title III: Reducing Global Warming Pollution: Summarizes the information on greenhouse gases, including the potential effects of climate change, and identifies targets and goals for the reduction of those emissions; establishes an economy-wide cap and trade program to reduce greenhouse gas emissions, including information on allowances and trading; establishes programs to address offsets and deforestation; sets additional greenhouse gas standards from stationary sources; exempts greenhouse gases from several existing programs; charges EPA to develop a regulatory program to address black carbon, etc.
Title IV: Transitioning to a Clean Energy Economy: Addresses international negotiations and programs; increases and/or establishes funding and grants for green jobs training and worker transition; establishes assistance program for consumers; sets forth various plans for communities to adapt to climate change, etc.
Title V: Agricultural and Forestry Related Offsets: Establishes offset credit program from domestic agricultural and forestry sources, etc.
Courtesy of AGC of America
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