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COPYRIGHT 2008 Hart Energy Publishing, LP.
A bill sponsored by U.S. Rep. Ed Markey (D-Mass.) seeks an 85% reduction in greenhouse gas (GHG) emissions by 2050.
The bill would amend the Clean Air Act and eliminate any doubt that the U.S. EPA has authority to monitor and regulate GHG emissions.
The measure will target 87% of all U.S. emission sources and introduce a cap-and-trade system for carbon emissions. It also includes low carbon fuel standards regulations and a reversal of the EPA ban on California's CO2 vehicle emissions measure.
Emission reductions under the Markey bill go further than a similar U.S. Senate bill dubbed "Warner-Lieberman-Boxer." This bill died last week when the Senate discovered it didn't have enough votes to cut off debate.
The Markey bill, H.R. 6186, would have to make its way through Rep. John Dingell's (D-Mich.) Energy and Commerce Committee, unless it could go straight to the House floor, which was unlikely.
But neither bill would have passed this year anyway, since U.S. President George Bush promised to veto the even less-stringent Senate bill. That leaves "global warming" legislation for the new U.S. President and Congress next year.
Markey, who chairs the U.S. House Select Committee...
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