the visible hand

it is the theory which decides what can be observed – einstein

Senators unveil anti-pollution proposal

Posted by ecoshift on July 11, 2007

Lawmakers unveil anti-pollution proposal
By H. JOSEF HEBERT Associated Press Writer
Article Launched: 07/11/2007 01:32:00 PM PDT

WASHINGTON—The nation can begin to address the risks of climate change while avoiding harm to the economy, senators said Wednesday in unveiling anti-pollution legislation.

The bill would establish a mandatory cap on carbon dioxide emissions from power plants, refineries and industrial plants but allow companies to trade emission credits and avoid making emissions cuts if the costs become too high.

Sen. Jeff Bingaman, D-N.M., one of the bill’s chief sponsors, called it a “strong and balanced approach … while protecting the American economy.” It also includes incentives aimed at spurring other nations such as China to address climate change.

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