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Chu to Congress: Carbon cap is vital
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01/15/10 03:42 PM ET
Energy Secretary Steven Chu said Friday that he remains hopeful Congress will approve legislation this year that caps greenhouse gas emissions and that creating a cost for emitting carbon dioxide is vital to deploying low-emissions energy projects.
Legislation to cap heat-trapping emissions from power plants, factories and other sources passed the House last year but faces a tough climb in the Senate.
“It is very important, it is very necessary and I am still hoping it can be passed this year,” Chu told reporters in a briefing at Energy Department headquarters.
Legislation to cap heat-trapping emissions from power plants, factories and other sources passed the House last year but faces a tough climb in the Senate.
“It is very important, it is very necessary and I am still hoping it can be passed this year,” Chu told reporters in a briefing at Energy Department headquarters.
Chu touted DoE support for expanded research and development of technologies like carbon capture and storage. But he added that creating a cost for emitting greenhouse gases – which would occur under an emissions-capping bill – provides a “long-term signal” that will drive investment decisions by energy project developers.
“The influence of their investment decisions actually leads to more innovation,” he said.
