US climate change bill modified with new technology provisions
Washington (Platts)--27May2005
A modified climate change bill with new provisions to promote the development and deployment of technologies to reduce or eliminate emissions of greenhouse gases has been introduced by senators John McCain (Republican-Arizona) and Joe Lieberman (Democrat-Connecticut). The legislation, introduced Thursday, modifies a bill they introduced in February that would require a reduction in carbon dioxide emissions to 2000 levels by 2010, and includes an emissions trading program. The new provisions would use revenues generated by the trading program to provide incentives for the development of alternatives to conventional fossil fuels, including solar, nuclear, integrated coal gasification combined cycle technologies, as well as more efficient products and vehicles. Legislation introduced earlier this year by Sen. Chuck Hagel (Republican-Nebraska) includes provisions to spur development and deployment of low emitting technologies, but does not set any emission reduction target or timetable. This story was originally published in Platts Global Alert http://www.globalalert.platts.com
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