Thanks to recent House passage of legislation that would cap the amount of greenhouse gas emissions companies would be allowed to produce, the clock may soon start ticking for businesses to develop an effective way to manage carbon emissions.
Approved by the House in June, the American Clean Energy and Security Act (more commonly known as the Waxman-Markey bill), which passed the House on June 26, marks the first time either chamber of Congress has passed legislation to curb greenhouse gas emissions. The intention is to cap, and then reduce, total carbon emissions companies are allowed to make annually, and impose a system of pollution permits that businesses would be required to buy (and then sell or trade).
