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House Chairmen Waxman, Markey Release Draft of Energy and Climate Legislation; Among the Many Provisions Are Cap-and-Trade, Harmonization of CAFE and California Vehicle Regulations, and Low Carbon Fuel Standard

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power from renewable sources—wind, solar, geothermal, biomass or landfill gas, hydropower, and marine and hydrokinetic—for retail electricity suppliers beginning at 6% in 2012 and gradually rising to 25% in 2025 and continuing at that level through 2039. The draft establishes a Renewable Portfolio Standard—i.e., Clean Fuels and Vehicles.

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