SmartGridNews.com The insider's guide to the modernization and automation of electric power
Finally: Senators Unveil Their Climate Bill (But Will It Pass?) By SGN Staff May 12, 2010 - 1:20:40 PM
Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) introduced their long-awaited and controversial climate bill today. The bill aims for a 17% reduction in emissions by 2020 with a number of mechanisms such as carbon cap and trade and a strengthened EPA. Utilities such as FPL Group and Duke Energy and major Smart Grid stakeholders such as GE lobbied in favor of the bill. Kerry and other supporters have said now is the time to get a good bill passed rather than wait for the "perfect bill," but its chances for passage are questionable. A House climate bill was passed in June 2009 by an extremely narrow margin: 219-212.
Quick Take: Stakeholders in the Smart Grid know how important passage of a strong climate bill is, and supporters such as environmental advocates have said it's needed to give businesses the confidence (courage?) to continue investing in secure renewable and other clean energy projects. Can the bill survive polarized politics and sticking points like nuclear and offshore drilling? Wait and see.
You might also be interested in ...
Senator Moves to Block EPA Emissions Reduction Plans
Obama Boosts Smart Grid Again, But It's a Lump of Coal for Fossil Fuels and Gas Subsidies
Related SGN resources ...
Smart Grid Policy & Regulation
Stay connected with SGN …
Smart Grid Discussions: Get LinkedIn with Jesse
Subscribe to our FREE eMail News Alert!
Smart Grid Newsletter (SGN) is the insider's guide to the Smart Grid revolution. It consists of a FREE bi-monthly email summary, along with a companion Web site that contains the full stories and other helpful materials. Benefits of subscribing: SGN is the only central source for all of the news, trends, research and marketplace information relevant to grid automation. In it, you will read about cutting edge technologies; successful pioneers and how they got ahead; regulatory changes that could unleash new markets; the latest research; and new opportunities for sales of grid-related products and services. © Copyright 2009 SmartGridNews.com |