0
Climate Solutions Act of 2021
12/30/2022, 3:18 AM
Summary of Bill HR 6351
One key aspect of the Climate Solutions Act is the establishment of a national carbon pricing system, which would put a price on carbon emissions in order to incentivize businesses and individuals to reduce their carbon footprint. The bill also includes provisions for investing in clean energy technologies, such as solar and wind power, and promoting energy efficiency in buildings and transportation.
Additionally, the Climate Solutions Act includes measures to protect and restore natural ecosystems, such as forests and wetlands, which play a crucial role in sequestering carbon dioxide from the atmosphere. The bill also includes provisions for supporting communities that are disproportionately affected by climate change, such as low-income and minority populations. Overall, the Climate Solutions Act of 2021 represents a comprehensive approach to addressing climate change and promoting environmental sustainability in the United States. If passed, this legislation has the potential to significantly reduce greenhouse gas emissions and mitigate the impacts of climate change on both the environment and society as a whole.
Congressional Summary of HR 6351
Climate Solutions Act of 2021
This bill establishes renewable energy standards, energy saving targets, and greenhouse gas emission reduction targets.
Specifically, the Department of Energy (DOE) must promulgate regulations to increase the percentage of electricity sold in the United States that is generated from renewable sources. By 2035, 100% of electricity must be generated from renewable sources.
DOE must also promulgate regulations that set end-user electricity savings targets for retail electric energy suppliers and natural gas saving targets for retail natural gas suppliers through 2030 as specified by the bill. Each year's savings must be in addition to the previous years' savings. DOE must allow suppliers to achieve the targets through a market-based trading system.
The Environmental Protection Agency (EPA) must promulgate annual net emission reduction targets from 2030 through 2050 to ensure that U.S. greenhouse gas emissions (1) in 2035 are at least 52% below those in 2005, and (2) in 2050 are zero. The EPA must promulgate final regulations to implement those targets within seven years and review them at least every five years thereafter.
