Climate Bills and a Green Economy

Energy Bill Would Create More Red Tape

May 13, 2010

OneNewsNow - In a direct response to anger over the oil spill in the Gulf of Mexico, two U.S. senators have introduced an energy and climate bill that would allow states to veto offshore oil drilling.

The plan -- introduced on Wednesday by Senators John Kerry (D-Massachusetts) and Joe Lieberman (ID-Connecticut) and backed by President Obama -- would allow coastal states to opt out of drilling up to 75 miles from their shores. States also could veto plans of neighboring states if significant negative impacts can be shown. And in a break from current policy, states that allow offshore drilling would receive a share of federal revenue.

Introducing the "American Power Act" yesterday, Lieberman touted the measure will "stop the flow of dollars out of America to buy oil, just as it will stop the flow of jobs out of America." Kerry added:

"This is going to change the face of American energy."

But Marc Morano, executive editor of ClimateDepot.com, tells OneNewsNow the measure is the exact opposite of what the nation needs.

"When you start banning more domestic oil exploration and you allow more red tape -- and right now Obama has expanded it from 30 days to 90 days to get approval for offshore drilling, and you're going to have the veto power creeping in and all sorts of other roadblocks -- all it's going to end up doing in the end is make us more reliant on foreign sources of oil," Morano contends.

While provisions like the veto option could get passed, the conservative journalist believes that a global warming-friendly climate bill has mid-term election members of Congress running scared.

"They are so terrified that John Kerry, the lead sponsor on the bill, won't even utter the phrase 'global warming' [or] use the word 'climate' -- they're trying to bill it solely as an energy bill," Morano explains. "So global warming has become toxic at the mere mention of it in Washington. So because of that, this bill looks very, very certain for a quick death."

He predicts the legislation will evolve into a pork-laden energy bill.

The U.S. Federal Emissions System to Drive the Global Carbon Market

Recently published research from GlobalData, "The US Federal Emissions System to Drive the Global Carbon Market," is now available at Fast Market Research

September 5, 2010

live-PR.com - The US carbon market is still evolving as the strongest and the most persistent market in the world. The country has taken certain initiatives at the regional level to control greenhouse gas emissions. However, last year, various policies were introduced at the federal level to set up an economical and legally binding emission reduction plan in the country. Two major laws namely, Waxman-Markey Law and Cantwell-Collins Law, introduced in 2009, focus on two different mechanisms for emission reductions. Waxman-Markey Law aims at establishing "cap and trade" system whereas the later focuses on "cap and refund" system.

Scope
* Overview of the US carbon Market
* Carbon laws prevailing in the US
* Features of American Clean Energy and Security Act (ACES): Waxman-Markey Law
* Impact of Waxman-Markey Law on the US Carbon Market
* Features of Cantwell-Collins CLEAR (Carbon Limits and Energy for America's Renewal) Act
* Impact of Cantwell-Collins Law on the US Carbon Market
* Comparison of Laws: Waxman-Markey Law vs. Cantwell-Collins LawReasons

Reasons to buy

The viewpoint studies the impact of the Waxman-Markey Law and the Cantwell-Collins Law on the US carbon market. It will allow the reader to:

* Identify key growth and investment opportunities in the US carbon market on the implementation of either of the two laws

* Position yourself to gain the maximum advantage of the industry's growth potential in the two different scenarios, namely, "cap and trade: system and "cap and refund" system

* Facilitate decision-making based on upcoming market developments in carbon emissions market

For more information or to purchase this report, go to:- http://www.fastmr.com/prod/59269_the_us_federal_emissions_system_to_drive_the_global_carbon_market.aspx

Report Table of Contents:

1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Summary 1
3 The US Federal Emissions System to Drive the Global Carbon Market 1
3.1 Overview of the US Carbon Market 1
3.2 Carbon Laws prevailing in the US 2
3.3 American Clean Energy and Security Act (ACES): Waxman-Markey Law 3
3.4 Cantwell-Collins CLEAR (Carbon Limits and Energy for America's Renewal) Act 4
3.5 Comparison of Laws: Waxman-Markey Law vs. Cantwell-Collins Law 6
4 Appendix 7
4.1 Methodology 7
4.2 Contact Us 8
4.3 Disclaimer 8

1.1 List of Tables
Table 1: GHG Programs in the US 2
Table 2: Comparison of Waxman-Markey Law and Cantwell-Collins Law, 6

1.2 List of Figures
Figure 1: GlobalData Methodology 7