Capitol Hill

Climate change debate

The term "climate change" typically refers to global warming, which many believe is caused primarily by greenhouse gas emissions, carbon dioxide in particular. Congress is working to regulate climate change, and there are substantial implications for the roofing industry.

A great big tax

In April, the House Energy and Commerce Committee began consideration of a 648-page draft of the American Clean Energy and Security (ACES) Act, which includes energy sections and sections addressing climate change through a proposed "cap-and-trade" system.

A cap-and-trade system basically entails carbon rationing. The federal government would place a cap on how much carbon dioxide could be emitted in the U.S. annually and set emission caps for businesses. This would be followed by an auction of emission credits to businesses that emit more than their caps, generating revenue for the federal government. Businesses could buy and sell credits.