Historic legislation is being voted on tomorrow, Friday, June 26th. Call your representative NOW and urge him or her to vote YES on the Waxman-Markey Cap & Trade Climate bill (also known as American Clean Energy and Security Act, HR 2454), the most important piece of climate legislation of our lives!
These are just some of the things this 900+ page bill does:
* Sets a declining cap on greenhouse gas emissions at 17% below 2005 levels by 2020 and 83% by 2050.* Establishes a cap-and-trade program to spur investment in clean energy technologies and new manufacturing jobs.
* Promotes clean energy by requiring that 20% of electricity comes from renewable sources such as wind, solar, certain types of biofuels, and energy efficiency by 2020.
* Protects the competitiveness of energy-intensive industries (like steel and concrete) by giving them free permits, or allowances, to emit a certain amount of greenhouse gases in the early years; this helps solve the problem of international competition from uncapped countries.
* Keeps utility rates low for consumers by giving 30% of allowances to local electricity and natural gas companies, and requiring the utilities to pass the benefits on to their customers.
* Protects low- and moderate-income households by allocating 15% of allowances to minimize impacts on these households.
* Provides an incentive for other countries without a cap on carbon to limit their emissions, by allowing the president to impose fees on carbon-intensive imports from nations that haven’t adopted their own greenhouse gas cap (starting in 2025)'
Tell all your friends that they can contact their representatives here and affect the outcome of this historic vote!
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Tags: Cap and Trade, HR 2454, US House of Representatives, Waxman-Markey
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