later today, President Bush will propose halting growth in U.S. greenhouse gases by the year 2025. In his speech at the White House, the President is expected to place significant emphasis on new technology. I recently introduced legislation to address the challenge of how to deal with greenhouse gases. The bill is called the Greenhouse Gas Emissions Atmospheric Removal Act, or the GEAR Act. Members of this body have discussed various proposals to regulate the output of greenhouse gases. Some advocate doing it through a cap-and-trade approach. Others have advocated a carbon tax. Such proposals are aimed at limiting future carbon output into the atmosphere. Many proposals have been introduced and debated using this approach of dealing with carbon output. Overlooked in the debate are the greenhouse gases that are already in the atmosphere. The best science tells us that the greenhouse gases already in the atmosphere are the gases that are causing the warming of our planet. To what extent, we are not certain. So let's resolve to find a way to remove the excess greenhouse gases that are already in the atmosphere--remove them and then permanently sequester them. To accomplish this goal, we are, as a nation, going to need to make a significant investment to develop new technology. The approach my legislation takes to address this is through a series of financial prizes--prizes where we set the technological goals and also define the outcomes we demand.
Editor's note · Context
Discussing legislation to address greenhouse gas emissions and the need for new technology.
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