Senate turns attention to cap-and-trade
The energy industry is holding its breath as the US Senate begins work on a cap-and-trade bill after legislation passed the House of Representatives. Pauline McCallion investigates
The US House of Representatives passed the American Clean Energy and Security (ACES) Act on June 26, which sets a requirement for a 17% reduction in carbon emissions from major US sources by 2020, compared to 2005 levels and an 83% reduction by 2050. The targets will be achieved through a cap-and-trade system that would impose a limit on carbon emissions but allow emitters to trade allowances. The bill also requires electric utilities to meet 20% of demand through renewable energy sources and
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