US allegedly warms to greenhouse gas cuts | Herald Sun
CLIMATE change sceptics would do well to choke on their own emissions now that a draft bill for a carbon trading scheme has emerged from the US House of Representatives.
The subsequent reduction of hot air will help American legislators get on with the job of framing a cap and trade program in the single most important economy capable of attempting to reverse global warming.
If the bill succeeds and the US shows leadership on climate change mitigation, China will follow.
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The latest draft is far from being a trailblazer compared to the EU emissions scheme, but it is an important starting point for a nation as addicted to fossil fuel as the US is.
It recommends a slow start to cutting emissions - by 6 per cent of 2005 levels by 2020 - but then lifts the bar considerably.
By 2030, it proposes cuts of 44 per cent on 2005 levels and then 80 per cent below 2005 levels by 2050.
Other features include bonuses for renewable energy generators and incentives for the development of carbon capture and storage technology.
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