Passed legislation mandating additional reductions

04 Dec

The cap is reduced over time to reduce total carbon emissions.The legislation would set a cap on total emissions over the 2012–2050 period and would require regulated entities to hold rights, or allowances, to emit greenhouse gases.The bill was also known as the Waxman-Markey Bill, after its authors, Representatives Henry A. The bill proposed a cap and trade system, under which the government would set a limit (cap) on the total amount of greenhouse gases that can be emitted nationally.Companies then buy or sell permits to emit these gases, primarily carbon dioxide CO.Key elements of the bill include: 30% of the allowances will be allocated directly to local distribution companies (LDCs) who are mandated to use them exclusively for the benefit of customers.5% will go to merchant coal generators and others with long-term power purchase agreements.To that end, researchers at the Urban Institute, a Washington-based think tank, have developed a handy interactive calculator that lets you predict how much the federal prison population—which has ballooned from 71,608 in 1991 to 205,511 today—would drop over the next eight years given various policy changes.While the calculator is not equipped to take into account the particulars of the legislation under discussion in Congress, it underscores the important fact that roughly one-half of the federal prison population is made up of drug offenders.

As Urban Institute researcher Brian Elderbroom explained to me, the calculator distinguishes between two types of reforms: ones that reduce the number of people who enter prison, and ones that reduce the amount of time that people spend there.According to leading climate scientists from around the world, anthropogenic climate change (that caused by humans) is a significant and growing problem that must be addressed in order to avoid the worst effects.Climate change is the result of various GHGs that are emitted into the atmosphere, such as carbon dioxide (CO), which have a heat forcing effect on the atmosphere.After allowances were initially distributed, entities would be free to buy and sell them (the trade part of the program).Those entities that emit more gases face a higher cost, which provides an economic incentive to reduce emissions.