Environment Subcommittee, Energy and Commerce Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Tradeable Performance Standard Act This bill establishes the Greenhouse Gas Pollution Reduction Program, which creates (1) targets to eliminate greenhouse gas emissions from cogeneration facilities (e.g., combined power plants), electric facilities, and thermal energy facilities; (2) a system to allow such facilities to achieve the targets through a voluntary emission trading program; and (3) a thermal energy reporting program. By 2030, such facilities must reduce greenhouse gas emissions to 60% of 2019 levels. By 2040, the facilities must eliminate the emissions. Facilities that emit more than the targets must purchase emission allowances from those who emit less. The bill provides for the distribution, trading, and tracking of such allowances. The bill establishes civil penalties for facilities that do not meet the targets and do not submit enough allowances. Finally, the Environmental Protection Agency must establish a thermal energy reporting program. Under the program, thermal energy facilities must provide information about the fuel used to produce thermal energy and the greenhouse gas emissions associated with such production. Further, thermal energy facilities must submit information to demonstrate their compliance with this bill.
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Environment and Climate Change.
Environmental Protection
Administrative law and regulatory proceduresAir qualityAlternative and renewable resourcesBusiness recordsClimate change and greenhouse gasesCongressional oversightElectric power generation and transmissionEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresEnvironmental technologyGovernment information and archivesIndustrial facilitiesIndustrial policy and productivityInflation and pricesLicensing and registrationsPerformance measurement
Tradeable Performance Standard Act
USA117th CongressHR-1805| House
| Updated: 3/12/2021
Tradeable Performance Standard Act This bill establishes the Greenhouse Gas Pollution Reduction Program, which creates (1) targets to eliminate greenhouse gas emissions from cogeneration facilities (e.g., combined power plants), electric facilities, and thermal energy facilities; (2) a system to allow such facilities to achieve the targets through a voluntary emission trading program; and (3) a thermal energy reporting program. By 2030, such facilities must reduce greenhouse gas emissions to 60% of 2019 levels. By 2040, the facilities must eliminate the emissions. Facilities that emit more than the targets must purchase emission allowances from those who emit less. The bill provides for the distribution, trading, and tracking of such allowances. The bill establishes civil penalties for facilities that do not meet the targets and do not submit enough allowances. Finally, the Environmental Protection Agency must establish a thermal energy reporting program. Under the program, thermal energy facilities must provide information about the fuel used to produce thermal energy and the greenhouse gas emissions associated with such production. Further, thermal energy facilities must submit information to demonstrate their compliance with this bill.
Environment Subcommittee, Energy and Commerce Committee
Environmental Protection
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Administrative law and regulatory proceduresAir qualityAlternative and renewable resourcesBusiness recordsClimate change and greenhouse gasesCongressional oversightElectric power generation and transmissionEnergy efficiency and conservationEnvironmental assessment, monitoring, researchEnvironmental Protection Agency (EPA)Environmental regulatory proceduresEnvironmental technologyGovernment information and archivesIndustrial facilitiesIndustrial policy and productivityInflation and pricesLicensing and registrationsPerformance measurement