Congress debates, votes on cap-and-trade energy bill today

Legislation to curb global warming faces first test today

The U.S. House of Representatives has begun debating one of the most monumental energy and environmental bills it’s ever considered.

The legislation, the so-called Waxman-Markey bill, is a measure to help curb global warming by pushing for more energy efficiency, renewable energy standards, and limiting carbon emissions from industries and utilities. Its most controversial provision includes placing a cap-and-trade policy in which carbon emissions could be bought and sold. The Associated Press has a concise rundown of the bill.

Environmentalists have heralded the bill as a necessity at a time when climate experts say action must be taken within years. The Sierra Club has its list of its advantages — as well as what could be improved — on its website. The Southern Alliance for Clean Energy applauded lawmakers for its efforts, but said the cap-and-trade policy could essentially create a polluters’ market.