New Momentum to Pass a Carbon Cap in 2009

The House Energy and Commerce Committee just approved landmark climate change legislation, the American Clean Energy and Security Act.

EDF president Fred Krupp said it this way: “The committee today put climate legislation on the path to the President’s desk.”

This vote is much more than a procedural milestone. To pass this bill, the committee had to bridge regional differences among its diverse membership. It succeeded in producing a strong bill that can win broad support in the House and serve as a template for quick Senate action.

The bill, also known as the Waxman-Markey bill, draws on key provisions of a legislative blueprint negotiated by the 25 leading companies from every sector of the U.S. economy and the five non-profit groups in the U.S. Climate Action Partnership. Committee action on the bill also drew support from labor unions like the United Auto Workers and the Steelworkers, faith groups, and state and local officials.

The timing couldn’t be better.  Fred Krupp says, “As the President’s economic advisors said this week, a cap on global warming pollution is essential to our economic recovery and our long-term financial health.”

We look forward to action by the full House this summer.