U.S. FederalACES ActOn May 21, 2009, the U.S. House Energy and Commerce Committee approved landmark climate and energy legislation. The American Clean Energy and Security Act calls for an economy-wide greenhouse gas cap-and-trade system and key complementary measures. The full House is expected to vote on the bill this summer. Congressional Testimony Elliot Diringer testified on international aspects of the ACES Act before the House Energy and Commerce Committee. Policy Tutorials Watch congressional briefings on international offsets and carbon market design and oversight. Learn more about cap and trade and complementary policies with our quick policy guide.More Federal news and analysisScience Explaining Black Carbon A new fact sheet describes the importance of black carbon in warming temperatures, melting ice, and impacting public health. More Science analysisMarkets & BusinessRECs v. Offsets A new brief by the Offset Quality Initiative explains how and why renewable energy certificates differ from GHG offsets. Climate for ChangeAn article in Eco-structure explores current political and business attitudes toward climate policy and the importance of acting now. More Markets & Business news and analysis International EU Resources A compilation of resources illustrates the EU's greenhouse gas emissions reduction efforts. Competitiveness ReportA new Pew Center report finds energy-intensive manufacturers are likely to face only modest competitiveness impacts under a U.S. greenhouse gas cap-and-trade program. Pew Center experts discussed the report in a teleconference on May 6, 2009.More International news and analysisState News Midwestern Accord On June 8, 2009, members of the Midwestern Greenhouse Gas Reduction Accord released their Advisory Group's draft final recommendations for a regional cap-and-trade program. The program would cap emissions for six U.S. states and the Canadian province of Manitoba. Read Pew's statement. New Fuel Standards On May 19, 2009 President Obama announced new federal fuel economy standards. By 2016, the federal standard will achieve the same fuel economy improvement as the California standard for vehicle GHG emissions would have if it were applied nationwide - 35.5mpg. More State and Regional news Pew Perspectives Straight Talk on Climate CostsEileen Claussen offers a frank assessment of climate policy's costs and benefits in an E&E TV interview.Why cap and trade?Environmental integrity and cost-effectiveness are two critical advantages that make cap and trade the right policy mechanism, argues Eileen Claussen in Yale Environment 360. More of Pew in the media Donating to the Pew CenterFor eleven years, the Pew Center's mission has been to provide credible information, straight answers, and innovative solutions in the effort to address global climate change. Today, climate change sits atop the list of global issues facing world leaders.We are at a critical juncture in the climate change debate. While it is clear that it will take decades to reduce greenhouse gas emissions to acceptable levels, it is equally clear that we must begin now. Your financial support will help us as we continue our work toward environmentally effective and economically viable solutions to this challenge.