IHS Chemical Week

EnviroTech :: Regulatory

Waxman Adds to Growing List of Climate Bills

10:16 AM MDT | July 27, 2007 | Kara Sissell

Representative Henry Waxman (D., CA) and more than 100 other House lawmakers have introduced a bill that would include a mandatory cap-and-trade program for greenhouse gas (GHG) emissions. Waxman first introduced the bill in July of 2006, but it did not pass the House. Through what Waxman calls a “flexible, economy-wide” trading program, the bill would freeze GHG emissions at 2010 levels, reduce emissions by 2%/year through 2020, and 5%/year from 2020-50. The act would set targets and rely on “market forces and American ingenuity to solve the...

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