The American Power Act was introduced in May by Kerry, a Massachusetts Democrat, and Lieberman, a Connecticut Independent. It aims to lower heat-trapping greenhouse gas emissions blamed for global warming by 17% by 2020 from 2005 levels, and 83% by 2050.
The bill would do this through creation of a carbon cap-and-trade system. The US Environmental Protection Agency would issue allowances, with some auctioned by the federal government and others distributed at no charge.
A
