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.
- 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