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A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999

Early Action Legislation (JUNE 1999)

Item #d99jun44

On March 4, Senators John Chafee (R-RI) Joseph Lieberman (D-CT) and Connie Mack (R-FL) reintroduced their “credit for early action” bill. The new version is a free-standing Act with a modified crediting period. Its goal is to mitigate global warming by providing mechanisms for industry to voluntarily reduce greenhouse gas emissions and receive regulatory credits that they could use later. The Credit for Voluntary Reductions legislation has attracted bipartisan support. Environmental groups immediately criticized the bill for having too many loopholes, not focusing on real emission reductions, and allowing dubious offsets. They said that the bill would reward companies that close domestic factories and move operations and polluting practices overseas and would punish newer, cleaner companies.

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