Environmental
Sep. 11, 2009
ACES in the Hole
Any approach to regulating climate change will provide more certainty than exists today, and more efficiency than can be achieved through litigation, writes Michael Steel.
Early this summer, the U.S. House of Representatives, in a close vote after intensive lobbying by Democratic leaders and the president, approved the American Clean Energy and Security Act. ACES, also known as the Waxman-Markey Bill (H.R. 2454), reflects the new administration's commitment to reducing greenhouse gases. The bill includes a plan for a comprehensive cap-and-trade approach to regulating greenhouse gas emissions from sta...
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