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Any Climate Change Legislation Should Address Technology and Economics

The electric power industry recognizes the growing concern about global climate change and has a strong record of taking action to address this issue. Any federal legislation should build on our progress in a way that allows us to maintain an affordable and reliable supply of electricity. EEI believes there are critical components to any federal action or legislation to reduce greenhouse gas (GHG) emissions, including:

• Ensuring the development and cost-effective deployment of a full suite of “climate-friendly” technologies;
• Minimizing economic disruption to customers and avoiding harm to the competitiveness of U.S. industry; and
• Ensuring an economy-wide approach to carbon reductions.

As federal lawmakers consider various bills to reduce the nation’s carbon dioxide (CO₂) and other GHG emissions, it is essential to include these key provisions. The Senate may soon consider S. 2191, "America’s Climate Security Act of 2007," introduced by Senators Joseph Lieberman and John Warner. While the bill seeks to reduce GHG emissions, it currently contains several provisions that would undermine America’s economic security, force consumers and industries to pay significantly higher energy prices, and discourage investments in cleaner-energy technologies.

EEI will continue to educate Members of Congress about the importance of these key provisions during the climate change debate.

• Find out EEI's concerns with the Lieberman-Warner climate change bill as it is currently written.
• Learn why a full suite of technologies is essential for emissions reductions.  
• Find out why an economic safeguard is critical.  
• Learn what others are saying about the importance of an economic safeguard.
• Read EEI President Tom Kuhn’s letter to the Senate Environment and Public Works Committee on the Lieberman-Warner climate change bill.
• Read EEI's Global Climate Change Principles.

© 2008 Edison Electric Institute