You may have heard that a major climate bill -- the "American Power Act," sponsored by John Kerry and Joe Lieberman -- is trundling through Congress. Its prospects for passage are highly unclear; it's a giant mess of a bill, which would have important consequences for any number of sectors in the economy, and the country's attention is largely focused elsewhere at the moment. (A substantial fraction is focused on Justin Bieber, but I don't really blame him.) So what does the bill say? Here's the very short version, from our sister blog 80 Beats:
The carbon emissions targets are: 17 percent below 2005 levels by 2020, and 83 percent below 2005 levels by 2050. That’s made to match the goals in the House bill that passed in 2009. In addition, the bill proposes putting a price on carbon.
Somewhat longer version from Think Progress here. Or of course you ...
