And according to the architects of the Bill, the American Clean Energy and Security Act of 2009 (ACES) is a comprehensive approach to America's energy policy that "charts a new course towards a clean energy economy".
"This legislation will create millions of clean energy jobs, put America on the path to energy independence, and cut global warming pollution," said Chairman Waxman. "Our goal is to strengthen our economy by making America the world leader in new clean energy and energy efficiency technologies".
the legislation has four titles:
- A clean energy title that promotes renewable sources of energy, carbon capture and sequestration technologies, low-carbon fuels, clean electric vehicles, and the smart grid and electricity transmission;
- An energy efficiency title that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry;
- A global warming title that places limits on emissions of heat-trapping pollutants; and
- A transitioning title that protects U.S. consumers and industry and promotes green jobs during the transition to a clean energy economy.