The discussion draft of the American Clean Energy and Security Act (ACES Act), released on March 31, 2009 by Representatives Waxman (D-CA) and Markey (D-MA) includes four distinct titles: I) clean energy, II) energy efficiency, III) reducing global warming pollution, and IV) transitioning to a clean energy economy. Title I contains provisions related to a federal renewable electricity standard, carbon capture and storage technology, performance standards for new coal?fueled power plants, a low carbon fuel standard, and smart grid advancement. Title II includes provisions related to building, lighting, and appliance energy efficiency programs, as well as efficiency standards for mobile sources and other transportation programs. Title IV includes proposals designed to preserve domestic competitiveness and support workers, provide assistance to consumers, and support domestic and international adaptation initiatives while transitioning to a clean energy economy. The following is a brief overview of the proposed greenhouse gas (GHG) cap-and-trade program contained in Title III.
Waxman-Markey Discussion Draft Materials
EPA Preliminary Analysisof Discussion Draft