US House Of Representatives Narrowly Passes Climate Bill
The House narrowly passed landmark climate change legislation (H.R. 2454) with a 219-212 vote, delivering a major victory for President Barack Obama and House Speaker Nancy Pelosi (D-Calif.), reports Roll Call. The cap-and-trade bill, called the American Clean Energy and Security Act, which mandates reductions in carbon dioxide emissions and sets a national standard for renewable electricity, now heads to the Senate, where its prospects are uncertain. One potential problem is a provision that would impose tariffs on goods imported from countries that don’t match U.S. carbon-dioxide restrictions, which some say could provoke a trade war with China and India.
Note EU-Digest: China and India would not have any incentive to start a trade war with the US based on new US environmental requirements and standards.
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