The McCain-Lieberman-Obama Climate Stewardship & Innovation Act (S. 1151) puts a cap on carbon pollution and requires that CO2 emissons be reduced by two-thirds (2 percent a year) from present levels by 2050 (to 2004 levels by 2012, 1990 levels by 2020, and below 1990 by 2050).The plan sets up a market to trade emissions allowances, allowing the free market to find the best solutions needed to achieve reductions. The legislation also supports alternative fuels and nuclear power. These senators are very serious about climate change. AAEA will work very hard to pass this legislation.
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