WASHINGTON (AP) _ House Democratic leaders have unveiled a
proposal to reduce the gases blamed for global warming from power
plants, transportation and factories by 80 percent come 2050.
The draft legislation on greenhouse gases will be refined in
coming months for introduction next year.
The effort would begin slowly, capping emissions of
heat-trapping gases released by transportation and power plants
first, then moving to other sources.
The money earned from auctioning off some of the permits would
be redirected to energy efficiency and clean technologies. In later
years, all permits would be sold with the proceeds going back to
the taxpayer, unless Congress reauthorizes the bill.
Environmentalists say the bill is a step in the right direction,
but criticize the pace of the cuts and some of the details.
(Copyright 2008 by The Associated Press. All Rights Reserved.)