I m sure you would have not bet a dime on the climate change bill 2 years ago....NOW enjoy the change....the last green mile ...from our black President Obama.
The bill aims to significantly reduce greenhouse gas emissions blamed for climate change: 17 percent below 2005 levels by 2020 is better than statut quo! ( which is a very good slow motion step to the right direction).
Some more interesting key provisions should be noticed:
Require electric utilities to meet 20% of their electricity demand through renewable energy sources and energy efficiency by 2020.
• Invest in new clean energy technologies and energy efficiency, including energy efficiency and renewable energy ($90 billion in new investments by 2025), carbon capture and sequestration ($60 billion), electric and other advanced technology vehicles ($20 billion), and basic scientific research and development ($20 billion).
• Mandate new energy-saving standards for buildings and appliances, and promote energy efficiency in industry.
• Reduce carbon emissions from major U.S. sources by 17% by 2020 and over 80% by 2050 compared to 2005 levels. Complementary measures in the legislation, such as investments in preventing tropical deforestation, will achieve significant additional reductions in carbon emissions.
• Protect consumers from energy price increases. According to estimates from the Environmental Protection Agency, the reductions in carbon pollution required by the legislation will cost American families less than a postage stamp per day. CBO calculates that the legislation will cost the average household less than 50 cents per day.
Green is the new black of the Economy.
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