`Federal GHG Legislative Updates and International Landscape,` presented at the GHG Florida Seminar, February 2008

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Courtesy of Trinity Consultants

Federal GHG BillsS.2191 –America’s Climate Security Act (Warner-Lieberman)

  • Emission Targets
    • Between 2005 and 2012: 5,775 million metric tons of CO2 equivalent, the estimated levels during 2005.
    • Between 2012 and 2020: Further reductions of 2 percent per year should result in a 15% reduction below 2005 levels.
    • Between 2020 and 2050: Emissions should be reduced by 70% by 2050.
  • Status
    • Markup by EPW committee on December 5, 2007
    • Approved by an 11 to 8 vote in committee
    • Cost containment and emission allowances for small refiners still an area of concern and discussion
    • Added a low carbon fuel standard for transportation fuels (5% reduction by 2015, 10% by 2020)
    • State pre-emption proposals were all rejected

S.2191 –America’s Climate Security Act(Warner-Lieberman)

Title 1: Capping GHG Emissions. Subtitle A: Tracking Emissions

  • Facilities to be “covered”(required to submit allowances) under the cap and trade system would include:
    • Facility that uses more than 5,000 tpy coal
    • Facility that is a natural gas processing plant or that producesnatural gas in Alaska or any entity that imports natural gas (including LNG)
    • Facility that produces or any entity that imports petroleum or coal based liquid or gaseous fuel, the combustion of which will emit a Group 1 GHG(assuming no capture and sequestration)
    • Any facility that products for sale or distribution or imports more than 10,000 metric tons of chemicals that are Group 1 GHGs, assuming no capture and destruction of that gas
    • Any facility that emits as a byproduct of the production of HFCsmore than 10,000 metric tons CO2e of HFC
    • At option of Administrator, a vehicle fleet with greater than 10,000 metric tons CO2e

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