The American Clean Energy and Security Act: summary of REDD provisions

The American Clean Energy and Security Act (ACES), introduced by U.S. Representatives Henry Waxman (Democrat of California) and Edward Markey (Democrat of Massachusetts) and passed by the U.S. House of Representatives on 26 June 2009, sets progressively tightening legally binding caps on the absolute (total) greenhouse gas (GHG) emissions of large U.S. emitters including electric power stations, manufacturing facilities, and oil refineries. Supplemental reductions from renewable energy, clean energy technologies, and energy efficiency programs, as well as additional measures from deforestation, would, according to the House Energy & Commerce Committee, provide additional reductions that will lower U.S. carbon emissions 28% to 33% below 2005 levels by 2020 and more than 80% below 2005 levels by 2050.