Originally published on the CGS blog on June 29, 2009.
On June 26, 2009, the House succeeded in passing the Waxman-Markey Bill, which takes important steps towards addressing climate change. The bill narrowly passed with 219 ayes and 212 noes: we commend all the representatives who voted in favor of this key legislation, and urge the Senate to pass the bill before December 2009, when countries will be meeting in Copenhagen to discuss an international environmental agreement to succeed the Kyoto Protocol.
The Congressional Budget Analysis Office found that 1.7 million jobs will be created with the implementation of the legislation through the growth of clean energy jobs. Low income families will receive a $40 benefit from using more solar and wind energy in place of foreign oil. U.S. dependence on foreign oil will be cut, along with the hazardous effects of pollution- all for the cost of about one postage stamp a day for every family.
There are concerns about compromises made along the way to secure support for the bill. For instance, the Agriculture Committee has secured rights over the Environmental Protection Agency to oversee implementation among farmers, and pollution permits have been given for free to coal-burning utilities, oil refineries, automakers, and manufacturers struggling to compete with overseas production.
By imposing a higher price on carbon emissions, incentives are created to invest in green technology within the U.S. The bill is not strong enough to sufficiently thwart climate change, but it is an important step in the right direction, and a symbol of changing mindsets and modes of development. If even the current bill could not be passed, hopes for stronger measures tomorrow would be dampened significantly.
* ACT NOW in support of strengthened environmental protection policy!
To watch Obama speak on the passage of the bill, click here
For more information on the legislation, click here
To learn more about climate change, click here
