Co-sponsor

The Sanders/Boxer Global Warming Bill

The Sanders/Boxer Global Warming Bill (S.309) summary

• Contains findings which include the need to reduce U.S. greenhouse gas emissions to a worldwide stabilization goal of 450 parts per million and states that the purpose of the bill is to prevent global temperature increases of more than 2.2 degrees Fahrenheit from current levels.
  
  
• A cap and trade program is outlined, but not required, and the funds from such a system may be used to help those disproportionately affected by global warming or as grants to find the cleanest energy sources.
  
  
• If greenhouse gas concentrations exceed 450 parts per million, or if there is an increase in temperatures above the goal, then the National Academy of Sciences shall report this fact and EPA can order additional reductions.
  
  
• Calls for 30% reduction in greenhouse gases from cars by 20l6 and calls for energy facilities built after 2012 to be as clean as a new natural gas plant.
  
  
• Creates grants for carbon sequestration and requires EPA to set standards as well.
  
  
• Creates a research and development program on global warming and calls for 100% increase per year for the first ten years in energy research for clean, low carbon sources of energy.
  
  
• Contains an energy efficiency standard requiring reductions in electricity use through the use of consumer products that are low carbon such as efficient light bulbs.
  
  
• Requires utilities to generate or purchase an increasing amount of renewable energy.
  
  
• Contains a standard for low carbon renewable fuels such as cellulosic ethanol or other fuels that reduce carbons emission 75% or more.
  
  
• Directs the SEC to promulgate regulations requiring corporate disclosure of climate change risks.

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