Key provisions of the draft U.S. Senate bill the American Power Act

Note: Synopsis based on Our Energy Policy Foundation staff review of Congressional committee and office summaries, third party analyses, and media summaries. Synopsis intended solely for purposes of generating discussion. Greenhouse Gas Reductions Would require certain industries to reduce greenhouse gas emissions below 2005 levels along the following timeline: 4.75% by 2013, 17% by 2020, 42% by 2030, and 83% by 2050. Would institute a cap-and-trade mechanism for greenhouse gas reductions. The cap would include electricity generators, petroleum-based fuel producers, natural gas distributors, producers of certain fluorinated gases, and other sources. Requirements would take effect in 2013 for electricity generators… [more]