H.R. 2454 the American Clean Energy And Security Act of 2009 (aka Waxman-Markley) aims “to create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.” One goal of the legislation is to reduce greenhouse gas emissions 17 percent by 2020 and 83 percent by 2050.
It is “the most ambitious energy and global warming legislation ever debated in Congress.” The House Energy and Commerce Committee has begun marking up the bill, and it is headed to the full House of Representative some time this month. H.R. 2454 is expected to be weakened significantly through the process. One would expect Republicans and lobbyists to water down the bill, but farm state Democrats are also vying for home state protection for ethanol.