US House of Representatives passes the American Clean Energy and Security Act (ACES)

The US House of Representatives narrowly passed a bill aimed at capping and reducing US greenhouse gas emissions and lowering the country’s dependence on foreign oil. Some reports in the press:

US EPA has assessed the economic implications of policies to reduce the greenhouse gas intensity of the US economy, and has provided an overview of the economic analyses and the modeling tools and methods used. In addition, there is information on long term scenarios of climate related economic impacts and non-CO2 greenhouse gases:

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