Will this bill be the “ACE” in the hole that we need to ensure a clean energy future? The draft legislation certainly has some strong provisions including
(1) robust renewable energy standards that will harness the Southeast’s vast renewable energy potential;
(2) progressive efficiency standards that will lay the groundwork for maximizing the fastest, cheapest, cleanest way to meet America’s energy needs through energy efficiency; and
(3) science-based, global warming reduction targets that will empower the United States to fully participate in international climate negotiations later this year in Copenhagen.
However, one critical piece is completely absent: the authors stayed silent on the best way to distribute pollution credits. SACE whole-heartedly supports President Obama’s proposal that 100% of the credits should be auctioned to ensure that polluters, not consumers, pay to pollute. In the coming weeks and months we will work hard to ensure this message is heard on Capitol Hill, and urge our members and allies to lend their voices, too.
There’s a long road ahead of us to pass the kind of climate and energy bill we need to transition our country to a clean energy future, but this draft bill is undoubtedly a positive first step in that journey!