S.2191 –America’s Climate Security Act (Lieberman-Warner)
- 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 committee on December 5, 2007
- Approved by an 11 to 8 vote in committee
- State pre-emption proposals were all rejected
- Recently adjusted the bill to be “deficit neutral”
S.2191 –America’s Climate Security Act Who is Covered?
- Covered Facilitiesunder 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 (includingLNG)
- Any facility that in any year produces, or any entity that in any year imports, petroleum-or coal-based liquid or gaseous fuel, the combustion of which will emit a Group 1 GHG (assuming no captureand 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
- Eligible Facilities include cement plants (and other energy intensive manufacturing) which may be adversely affected by international competition as a result of the indirect costs of the program
- Facilities are allowed 96% of allocated allowances to existing operations and 4% to new entrants (total of 10% of allowances reserved for energy intensive manufacturing facilities)