The Act will move our country forward environmentally in a number of positive ways related to clean and efficient energy usage. First of all it will establish a cap and trade system for carbon emissions, giving companies a financial incentive to reduce emissions. To elaborate, companies will be assigned a CO2 emissions cap, and if they go over that cap they would have to buy “credits”, but if they are under the cap they can sell those credits to other companies. The Act further encourages modernized, renewable energy by requiring electric utilities to maintain at least 20% renewable energy sources (like wind power). There are also measures in the bill to reduce greenhouse gas emissions as well as deforestation. In general the Act should have positive longterm effects because it offers financial incentives and structures that will ensure a focus on utilizing clean and renewable energy.
The five main components of the Clean Energy Act are to set new standards in renewable energy technologies that would provide support and funding to clean energy projects. The second is to support funding for energy efficiency in appliances, buildings, and transportation. The third tackles ways to reduce global warming pollution. The fourth component of the bill helps industries and their consumers transition to a clean energy economy by providing financial assistance for the initial increase cost of using clean energy. Finally, the last component deals with offsets from Domestic Forestry & Agriculture.
Sorry this was my answer to the previous question. I have summarized some of the positive effects of the bill from an article below:
Setting a renewable electric standard:
• large utilities in each state would be required to produce a percentage of their electricity from renewable sources
• high-emitting industries would be requires to reduce the greenhouse gas emissions
• the program would begin in 2012 and the U.S. goals would increase over time
2050: over 80%
• Companies regulated by the government would need to acquire permits for the amount of emissions released.
Some other great proponents of the bill would be the increased funding for the Energy Worker Training Program and grants awarded to colleges and universities for programs in renewable energy and efficiency. Also a bill would provide people with vouchers ranging from $3500 to $4500 where they could trade in their cars for ones with more fuel efficiency.
For a more detailed overview of the bill:
For the actual 2009 Clean Energy Bill:
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC