As announced last week, Senators John Kerry (D) and Joe Lieberman (I) today unveiled the American Power Act (APA), a Senate bill aiming at gathering bipartisan support.
This is a long-awaited bill. Senators J. Kerry and Lindsey Graham (R) formally announced their commitment to work on comprehensive clean energy and climate legislation on October 11, 2009, while Senator J. Lieberman joined this effort two months later. The climate bill aims to tackle climate change with a more comprehensive approach, capitalizing on “a growing and unprecedented bipartisan coalition from the business, national security, faith and environmental communities” which drafted the text in previous months.
While the 987-pages Kerry-Lieberman plan (of which a 4- page summary is available) calls for a 17% reduction in carbon pollution from 2005 levels by 2020 like the House-passed Waxman-Markey bill ; it differs
from the passed legislation in several respects. Mainly, it sponsors a sector rather than an economy- wide approach to carbon reductions and it provides more incentives for new nuclear power and offshore oil drilling.