SPE Distinguished Lecturer Program - Society of Petroleum Engineers
SPE Distinguished Lecturer Program - Society of Petroleum Engineers
SPE Distinguished Lecturer Program - Society of Petroleum Engineers
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Establishes US Wide Cap and Trade System<br />
• Allowance trading system from 2012 covering<br />
power utilities, oil companies and large<br />
industrial sources totaling 85% <strong>of</strong> GHG<br />
emissions (>25,000 tonnes/year)<br />
• Number <strong>of</strong> allowances reduced each year to<br />
meet emissions reduction targets<br />
• 100% auctioning <strong>of</strong> allowances (23% revenue<br />
used for clean energy investment rest returned<br />
to people, communities and businesses)<br />
• Trading system designed to establish and<br />
maintain an effective, transparent, and fair<br />
market for emissions allowances and preserve<br />
the integrity <strong>of</strong> the cap on emissions<br />
American Clean Energy and Security Act <strong>of</strong> 2009 (Draft), 30 March 2009
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