Comparing the American Power Act with the House Climate Bill and Clean Energy Jobs Bill
Climate Progress recently compared the two competing bills on climate change—the Waxman-Markey bill which passed the House in June of 2009, and the Kerry-Lieberman draft bill introduced today in the Senate, along with President Obama’s campaign promises.
Climate Progress found that both President Obama’s campaign proposals and the Waxman-Markey bill target greenhouse gas emissions reductions on an economy-wide scale, while Kerry-Lieberman initially caps the utility sector and then progresses to include the industry and petroleum sectors.
Both Obama’s proposals and Waxman-Markey include national renewable electricity standards while Kerry-Lieberman provides support for state standards. All three provide varying levels of consumer support—through auction revenues-- to ease the burden of increased electricity prices.
All policies also invest heavily - to differing extents - in the new energy economy and provide support for renewable energy, advanced coal, nuclear power, plug-in hybrids and biofuels, as well as smart grids and workforce development.