Senators John F. Kerry and Joseph I. Lieberman just presented their long-delayed proposal to address global warming and energy at a D.C. press conference this afternoon. The legislation has been dubbed the American Power Act.
The overall goal of the APA is to reduce greenhouse gas (GHG) emissions by 17 percent from 2005 levels by 2020 and 83 percent by 2050. These targets match those enumerated in the Waxley-Markley House bill that passed last year and the Obama’s announced policy goal from the 2008 election.
We’re just reading through the bill’s provisions now but we’ll have more reaction later on the blog.