The House Energy and Environment Committee released a paper outlining
a proposed cap and trade system for GHG emissions on 3 October. There
was a story about the plan in the Washington Post:

http://www.washingtonpost.com/wp-dyn/content/article/2007/10/03/AR2007100302203.html

Here's a brief quote from the Executive Summary of the paper:

    "...The United States should reduce its greenhouse gas emissions
by between 60 and 80 percent by 2050 to contribute to global efforts
to address climate change. To do so, the United States should  adopt
an economy-wide, mandatory greenhouse gas reduction. The central
component of this program should be a cap-and-trade program..."

Here's the link to the white paper:

http://energycommerce.house.gov/Climate_Change/White_Paper.100307.pdf

Other comments can be found at the Committee web site:

http://energycommerce.house.gov/

This effort may be too late to prevent substantial changes, given the
rapid melt of the sea-ice over the Arctic Ocean seen this year.

http://www.nytimes.com/2007/10/04/opinion/04homer-dixon.html

E. S.


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