Saturday, June 27, 2009

Exciting Legislation

The House of Representatives passed the Waxman-Markey Clean Energy Bill yesterday. Pretty exciting!

If you participated in calling, faxing, or emailing congressmen and women, thank you. It was a close call with a vote of 219 to 212. Activism works.

Here are the details from the government's site (which is currently down):

  • Requires electric utilities to meet 20% of their electricity demand through renewable energy sources and energy efficiency by 2020.
  • Invests $190 billion in new clean energy technologies and energy efficiency, including energy efficiency and renewable energy ($90 billion in new investments by 2025), carbon capture and sequestration ($60 billion), electric and other advanced technology vehicles ($20 billion), and basic scientific research and development ($20 billion).
  • Mandates new energy-saving standards for buildings, appliances, and industry.
  • Reduces carbon emissions from major U.S. sources by 17% by 2020 and over 80% by 2050 compared to 2005 levels. Complementary measures in the legislation, such as investments in preventing tropical deforestation, will achieve significant additional reductions in carbon emissions.
  • Protects consumers from energy price increases. According to recent analyses from the Congressional Budget Office and the Environmental Protection Agency, the legislation will cost each household less than 50 cents per day in 2020 (not including energy efficiency savings).

The green wave is here to stay!


Marty's Husband said...

As an ex-electric utility guy -- I say it's time for us to move forward and figure out a better way. This will help.

Tabita said...

That's good to hear.