03 June 2010
US Senator Richard Lugar is working on an alternate climate bill, which is said to cut carbon emissions only half as much as that proposed by the US President and eliminates new cap and trade rules.
Lugar's bill calls for better fuel efficiency and alternative fuels for vehicles, more energy efficient building practices, and nuclear energy. Coal plants that opt to retire by 2020 could be exempt from having to implement scrubbing equipment. Rather than the cap and trade system in the current bill, Lugar’s proposal sets a price on carbon emissions, which would provide incentive to utilities and others to switch to cleaner fuels, because the price would rise over the next 40 years.
Labels: US, Government Regulations
