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American Clean Energy and Security Act
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American Clean Energy and Security Act : ウィキペディア英語版
American Clean Energy and Security Act

The American Clean Energy and Security Act of 2009 (ACES) was an energy bill in the 111th United States Congress () that would have established a variant of an emissions trading plan similar to the European Union Emission Trading Scheme. The bill was approved by the House of Representatives on June 26, 2009 by a vote of 219-212, but was never brought to the floor of the Senate for discussion or a vote.〔http://www.motherjones.com/politics/2010/03/waxman-markey-senate-climate-kerry-graham-lieberman〕〔http://science.time.com/2010/07/26/why-the-climate-bill-died/〕

The House passage of the bill was the "first time either house of Congress had approved a bill meant to curb the heat-trapping gases scientists have linked to climate change."〔
The bill was also known as the Waxman-Markey Bill, after its authors, Representatives Henry A. Waxman of California and Edward J. Markey of Massachusetts, both Democrats. Waxman was at the time the chairman of the Energy and Commerce Committee, and Markey was the chairman of that committee's Energy and Power Subcommittee.
==Summary of provisions==
The bill proposed a cap and trade system, under which the government would set a limit (cap) on the total amount of greenhouse gases that can be emitted nationally. Companies then buy or sell permits to emit these gases, primarily carbon dioxide . The cap is reduced over time to reduce total carbon emissions. The legislation would set a cap on total emissions over the 2012–2050 period and would require regulated entities to hold rights, or allowances, to emit greenhouse gases. After allowances were initially distributed, entities would be free to buy and sell them (the trade part of the program). Those entities that emit more gases face a higher cost, which provides an economic incentive to reduce emissions. Key elements of the bill include:〔()〕
*Requires electric utilities to meet 20% of their electricity demand through renewable energy sources and energy efficiency by 2020.
*Subsidizes new clean energy technologies and energy efficiency, including renewable energy ($90 billion in new subsidies by 2025), carbon capture and sequestration ($60 billion), electric and other advanced technology vehicles ($20 billion), and basic scientific research and development ($20 billion).
*Protects consumers from energy price increases. According to estimates from the Environmental Protection Agency, the reductions in carbon pollution required by the legislation will cost American families less than a postage stamp per day (about $13.20 a month, and $160.60 a year ).
*It set the same target for reductions in emissions of carbon dioxide, methane, and other greenhouse gases as that proposed by President Barack Obama. The bill required a 17-percent emissions reduction from 2005 levels by 2020; Obama has committed to a 17 percent reduction by 2020. Both plans would reduce United States' emissions by about 83 percent by 2050. Complementary measures in the legislation, such as efforts to prevent tropical deforestation, will achieve significant additional reductions in carbon emissions.
*It included a renewable electricity standard (almost identical to a renewable portfolio standard, but narrowly tailored to electrical energy) requiring each electricity provider who supplies over 4 million MWh to produce 20 percent of its electricity from renewable sources (such as wind, solar, and geothermal) by 2020. There is a provision whereby 5% of this standard can be met through energy efficiency savings, as well as an additional 3% with certification of the Governor of the state in which the provider operates.
Alternative compliance payments were $25/MWh in violation of the standard, adjusted for inflation beginning in 2010.
*It provides for modernization of the electrical grid
*It provides for expanded production of electric vehicles and other advanced automobile technology.
*It mandates significant increases in energy efficiency in buildings, home appliances, and electricity generation.
The bill's cap-and-trade program allocates 85% of allowances to industry for free, auctioning the remainder. The revenue from these allowances will be used to finance conservation of tropical forests abroad and to support low-income households.〔("Tropical Forest Conservation in Waxman Markey" ). Stevenson, Andrew. June 9, 2009. Retrieved August 28, 2009.〕 30% of the allowances will be allocated directly to local distribution companies (LDCs) who are mandated to use them exclusively for the benefit of customers. 5% will go to merchant coal generators and others with long-term power purchase agreements.

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