Invest in Clean Energy: Invests $190 billion into clean energy like wind, solar, geothermal and advanced coal technology.
Cuts Foreign Oil: Invests $20 billion in advanced fuel efficient vehicles like plug-in hybrids and all-electric cars and trucks
Reduces Carbon Pollution: For the first time, puts a cap on the carbon pollution causing global warming—reducing carbon and other heat-trapping pollutants 83 percent by 2050.
Creates Jobs, Trains Workers: Will create millions of new clean energy jobs that can’t be sent overseas to China and India, and provides $865 million in job training assistance for America’s new clean energy workers.
Builds a Smarter Grid: Encourages a Smart Grid that uses E-Chips—electricity computer chips—and other technologies in appliances, homes and businesses that will empower consumers to save money and energy using Internet and other telecommunications technologies.
Efficiency Savings: Saves consumers $69 billion annually by 2030 by making our buildings, homes, appliances, and lights use less energy. New buildings and homes will be 50 percent more efficient by 2016, and old buildings will be retrofitted with energy-saving technology.
Saves Families Money: Provides hundreds of dollars in energy rebates annually to low-income families and helps all families reduce their electricity bills. Cumulative energy cost-savings would total more than $4,000 per household by 2030.
Price Spike Protection: Over 50 percent of the program is dedicated to protecting consumers from the price spikes typical of the old energy economy.
Funds New Technologies: Establishes a “Clean Energy Bank” to leverage $75 billion in loans to fund established clean energy technologies like wind and solar, and to breakthrough technologies that have yet to be invented.
Fiscally Responsible: The Congressional Budget Office found Waxman-Markey will not raise the federal budget deficit.Makes the CPRS look pretty lame! I have abbreviated this list - the full one is in Ed Markey's Daily Beast blog (scroll down). Brought to my attention in Al Gore's blog.
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