(Bloomberg) -- Power producers, refiners and
steelmakers in the U.S. would be required to cut greenhouse gas
emissions 20 percent by 2030 under a Senate bill that will be
unveiled tomorrow.
Democratic Senator Jeff Bingaman, chairman of the energy
committee, and Republican Senator Arlen Specter would force
polluters to obtain an allowance for each ton of carbon they pump
into the air, according to a draft of the bill obtained by
Bloomberg News. Industries initially would be given about half of
the credits and would have to buy the rest or reduce their
emissions. The so-called cap-and-trade system would create a
market for the trading of greenhouse gas permits.
Read more at Bloomberg Energy News
steelmakers in the U.S. would be required to cut greenhouse gas
emissions 20 percent by 2030 under a Senate bill that will be
unveiled tomorrow.
Democratic Senator Jeff Bingaman, chairman of the energy
committee, and Republican Senator Arlen Specter would force
polluters to obtain an allowance for each ton of carbon they pump
into the air, according to a draft of the bill obtained by
Bloomberg News. Industries initially would be given about half of
the credits and would have to buy the rest or reduce their
emissions. The so-called cap-and-trade system would create a
market for the trading of greenhouse gas permits.
Read more at Bloomberg Energy News
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