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U.S. Congress Prepares to Act on Greenhouse Gas Emissions and Renewable Portfolio Standards

As the U. S. Senate reconvenes today it is posed to take up whether to establish federal limits on greenhouse gas emissions. There is, as yet, no direct bill in the Senate that is comparable to the U. S. House passed H.R. 2454, the American Clean Energy and Security Act of 2009 (ACES), which aims to establish federal limits on greenhouse gas (GHG) emissions along with an emissions trading program for regulated sources. However, the Senate Energy and Natural Resources Committee currently have reported an energy bill that proposes a Renewable Electricity Standard (RES) similar to House legislation. Further, there are rumblings among staff that a separate cap-and-trade bill may soon be introduced in the Senate.

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