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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. trillion in revenue over 10 years and reduce GHG emissions by approximately 20% from 2005 levels by 2025. Bernie Sanders (I-Vt.) International sources.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

The program will reduce emissions fifteen percent below 2005 levels by 2020. These recommendations call for an economy-wide program that would reduce emissions twenty percent below 2005 levels by 2020, and eighty percent below 2005 levels by 2050, though the 2020 target may decrease to eighteen percent if allowance prices increase too much.

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