Carbon Trading and Energy Finance Committee Report
169 CARBON TRADING AND ENERGY FINANCE 2009 Annual Report1 I. CLIMATE CHANGE MITIGATION A. Federal Developments 1. Cap & Trade Legislation On June 26, 2009, the House of Representatives passed the American Clean Energy and Security Act of 2009 (ACES), the first cap and trade bill passed by the House to regulate greenhouse gases (GHG).2 Referred to as Waxman-Markey’s ACES, the act included provisions addressing carbon capture and sequestration, domestic offsets, and supplemental emissions...