Climate Capitalism

House set to vote on piviotal climate change legislation

by John Muir on Jun.25, 2009, under Legislation, cap-and-trade

The Guardian’s, Suzanne Goldenberg discusses the global importance of the U.S. House vote on landmark climate change legislation scheduled for tomorrow morning.  She writes that Obama’s ability to set a global agenda to tackel global warming hinges on the United States passing climate change prior to the United Nations - Climate Change Conference in Copenhagen, Denmark in December.

Read Goldenberg’s arcticle at: http://www.guardian.co.uk/environment/2009/jun/25/barack-obama-climate-change-bill

The bill expected tomorrow is the The American Clean Energy and Security Act of 2009 or ACES for short was introduced by Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee.
You can read a summary discussion draft of the bill on the House website.  One thing I’ve not heard reported on was the creation of a carbon offset strategic reserve.  We’ll have to see if this makes it into the final bill.

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