Is Cap and Trade Coming?

Wright, Bruce
June 2009
Fiscal Notes;Jun/Jul2009, p5
The article highlights the CO2 cap and trade legislation proposed by the U.S. House of Representatives. It states that the legislation aims to cut U.S. carbon emission by 83% below 2005 levels by 2050. In addition, it aims to discourage the use of nonrenewable, polluting energy sources and encourage replacement with cleaner renewables. Moreover, the Comptroller estimate indicates that the bill will cost Texas from 164,000 to 400,000 jobs by 2030.


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