U.S. Lawmakers to Add Industry Incentives to Waxman-Markey Bill

Representatives Henry Waxman (D., CA) and other House Democrats have released the details on how climate legislation would allocate emission allowances to energy-intensive industries The American Clean Energy and Security Act of 2009, proposed in March by Waxman and Representative Edward Markey (D., MA), would establish a cap and trade program for greenhouse gas (GHG) emissions. To lessen the impact on U.S. industry, the lawmakers propose to give some allowances to energy-intensive industries that compete in global markets, based on their amount of domestic...

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