News release: “Rep. Edward J. Markey (D-Mass.) introduced a revolutionary new global warming bill today that would reduce global warming pollution according to scientific targets, reinvest any revenue back to American workers and technology, and would re-establish America as a leader in solving the globes greatest challenge, climate change…The bill is called the Investing in Climate Action and Protection Act, or iCAP for short, the small i a tip of the cap to the technological potential of clean energy. The bill also proffers a new paradigm in global warming legislation: the Cap-and-Invest system. The bill caps pollution at 85 percent below 2005 levels by 2050. It then uses an auction system that sets a price on carbon, and allows companies to compete for reductions, or buy or trade credits within the system.”
- an Executive Summary of the legislation is here
- the Title by Title Section of iCAP is here
- the FULL text of iCAP is here (381 pages, PDF)
- Related postings on climate change
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