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Cleaner, costlier climate bill slips past House

Posted on June 27, 2009, 1:40 am, by anthony, under Incentives, Renewable Energy, Solar Panels.

WASHINGTON – In a triumph for President Barack Obama, the Democratic-controlled House of Representatives narrowly passed sweeping legislation Friday that establishes the United States’ first limits on pollution linked to global warming and aims to usher in a new era of cleaner, yet more costly energy.

The vote was 219-212, capping months of negotiations and days of intense bargaining among Democrats. Republicans were overwhelmingly against the measure, arguing it would destroy jobs in the midst of a recession while burdening consumers with a new tax in the form of higher energy costs.

At the White House, Obama praised the bill.

The Bill seeks to:

-Reduce greenhouse gases by 17 percent from 2005 levels by 2020 and 83 percent by 2050 through a cap-and-trade program.
- Limit emissions from major industrial sources. Emissions from agriculture would be excluded from the cap.
-Control carbon dioxide from the burning of fossil fuels and limiting six other greenhouse gases.
-Allow companies to meet emission-limiting targets by investing in offset projects such as tree planting and forest protection.
-Require electric utilities to produce at least 12 percent of their power from renewable sources such wind and solar energy by 2020, and require as much as 8 percent in energy efficiency savings.
-Impose tighter performance standards on new coal-fired power plants and provide $1 billion a year in development money for capturing carbon dioxide from such plants.
- Establish standards that require new buildings be 30 percent more energy efficient by 2012 and 50 percent more efficient by 2016.
- Protect consumers from rising energy costs by giving rebates and credits to low-income households

There was plenty to work on in a House-passed measure that pointed toward higher electricity bills for the middle class, particularly in the Midwest and South, as well as steps to ease the way for construction of new nuclear reactors, the first to be built since the accident at Three Mile Island in 1979.

Supporters and opponents agreed the result would be higher energy costs but disagreed vigorously on the impact on consumers. Democrats pointed to two reports, one from the nonpartisan Congressional Budget Office and the other from the Environmental Protection Agency, that suggested average increases would be limited after tax credits and rebates were taken into account. The CBO estimated the bill would cost an average household $175 a year, the EPA $80 to $110 a year

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6 Comments

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  2. Andrew Cooper says:
    July 3, 2009 at 4:54 pm

    Why does it need to take until 2050 to reduce large industry from polluting. Why will the federal government not offer larger incentives for renewable energy in the private sector, or even manditory for new construction. Such has been done in europe for some time now.

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