American Power Act Essay

1467 Words Jul 22nd, 2010 6 Pages
Summary of the American Power Act (Kerry‐Lieberman) On May 12, 2010, Senator Kerry (D‐MA) and Senator Lieberman (I‐CT) released their draft legislation, the American Power Act (APA). This bill contains a comprehensive, sector‐based approach to enhancing energy security, spurring the development and deployment of clean energy technologies, and reducing greenhouse gas emissions. The bill contains the following seven titles: domestic clean energy development, global warming pollution reduction, consumer protection, job protection and growth, international climate change activities, community protection from global warming impacts, and budgetary effects. Domestic Energy Production In an effort to increase production of nuclear …show more content…
Scope of Coverage The bill covers emissions from the approximately 7,500 major stationary sources that emit greater than 25,000 tons per year of greenhouse gas emissions. It covers producers of generators of electricity, petroleum fuels, distributors of natural gas, producers of certain fluorinated gases (F‐gases), and other specified sources. Greenhouse gases that are limited under the bill include carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, perfluorocarbons, nitrogen fluoride, and hydrofluorocarbons emitted as a byproduct. Targets The bill establishes goals for economy‐wide emission reductions from 2005 levels: 4.75 percent by 2013, 17 percent by 2020, 42 percent by 2030, and 83 percent by 2050. Specific reduction requirements take effect in 2013 for electricity generators and transportation fuels, while local natural gas distributors and

May 2010

industrial sources of emissions are covered beginning in 2016. Emissions from transportation‐related fuels are covered under the overall cap, but they are treated separately with allowances set aside and directly purchased by refined product providers from the government at the most recent auction allowance price. A section of the bill also calls for “fast mitigation” actions including setting a separate cap on hydrofluorocarbons (with an 85 percent phase down required by 2033),

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