Center for American Progress

Cap and Trade Will Reduce Global Warming and Create Jobs
Article

Cap and Trade Will Reduce Global Warming and Create Jobs

On June 26, the House of Representatives passed comprehensive energy legislation that included, for the first time in U.S. history, a cap on global warming pollution. The bill, called the American Clean Energy and Security Act, would also boost investments in energy efficiency and renewable energy, like wind and solar, to jump-start the transition to a clean-energy economy. New investments in the clean-energy technologies of the future would slash global warming pollution and reduce the use of foreign oil while also creating jobs and increasing our economic competitiveness vis-à-vis China and other nations.

On June 26, the House of Representatives passed comprehensive energy legislation that included, for the first time in U.S. history, a cap on global warming pollution. The bill, called the American Clean Energy and Security Act, would also boost investments in energy efficiency and renewable energy, like wind and solar, to jump-start the transition to a clean-energy economy. New investments in the clean-energy technologies of the future would slash global warming pollution and reduce the use of foreign oil while also creating jobs and increasing our economic competitiveness vis-à-vis China and other nations.

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Authors

John Podesta

Founder and Chair of the Board of Directors

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