October 15, 2012
CLIMATE CHANGE LEGISLATIVE PROPOSAL
UNITED STATES OF AMERICA
Climate Solutions Act of 2013
The purpose of this policy proposal is to catalyze swift action by the United States of America on reducing its direct and indirect greenhouse gas emissions linked to climate change.
Problem: Climate change poses a significant threat to the United States and the world at large both in terms of economic growth, national security, and environmental sustainability.
Proposal: Enact comprehensive legislation to reduce the greenhouse gas emissions of the United States of America in line with scientific recommendations to prevent an increase of 2 degrees Celsius in global average temperatures. The following sectors of the national economy will be targeted in this proposal to reduce their carbon impact:
In this policy proposal, federal emission reduction targets will be suggested and a plan to allocate the responsibility amongst the states will be recommended. The established targets will be achieved through a combination of federal mandates and market-based mechanisms as well as with advanced research & development. The key policy mechanisms that will be recommended in the proposal are as follows:
- Cap-and-Trade Program
- Renewable Portfolio Standard
- Energy Efficiency Standard
- High Efficiency Vehicle Standard
- Low Carbon Fuel Standard
- Green Building Standard
- Sustainable Forestry Standard
- Sustainable Agriculture Standard
The cornerstone of this legislative proposal will be a greenhouse gas cap-and-trade program that effectively reduces emissions using a long-term declining limit on emissions and efficiently uncovers the lowest cost options for meeting nation-wide goals through market forces. While placing a price on carbon will play a central role in the proposal, federal mandates through various standards will also work to create a strategic vision for the country to move towards a low-carbon economy.