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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

introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.

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In a first, the US will restrict existing coal-fired plants’ emissions

Baua Electric

Trucks Haul Coal Navajo Mine by U.S. The Environmental Protection Agency (EPA) will require existing coal-fired and new natural gas-fired power plants to control 90% of their carbon emissions or shut down. Coal plants that intend to stay online beyond 2039 will have to cut or capture 90% of their CO2 emissions by 2032.

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

Green Car Congress

Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. Senators Lindsey Graham (R-S.C.), John Kerry (D-Mass.)

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