American Clean Energy and Security Act of 2009

The American Clean Energy and Security Act of 2009, also known as Bill 111 hr 2454, was a piece of legislation introduced in the US Congress with the goal of addressing climate change and promoting clean energy. The bill aimed to reduce greenhouse gas emissions by establishing a cap-and-trade system, which would limit the amount of emissions that companies could release into the atmosphere.

Under the cap-and-trade system, companies would be required to obtain permits for their emissions, and those permits could be bought and sold on the open market. This system was intended to create a financial incentive for companies to reduce their emissions and invest in cleaner technologies.

In addition to the cap-and-trade system, the bill also included provisions to promote renewable energy sources, such as wind and solar power, and to improve energy efficiency in buildings and transportation. It also called for the development of a national renewable electricity standard, which would require utilities to generate a certain percentage of their electricity from renewable sources. The American Clean Energy and Security Act of 2009 was a comprehensive piece of legislation that aimed to address the pressing issue of climate change while also promoting economic growth and job creation in the clean energy sector. However, the bill faced significant opposition from some members of Congress and ultimately did not pass into law.