S.1201: A bill to amend the Clean Air Act to reduce emissions from electric powerplants, and for other purposes.

A bill to amend the Clean Air Act to reduce emissions from electric powerplants, and for other purposes. 4/24/2007--Introduced. Clean Power Act of 2007 - Amends the Clean Air Act to require the Administrator of the Environmental Protection Agency (EPA) to: (1) promulgate regulations to achieve specified reductions in emissions of sulfur dioxide, nitrogen oxides, global warming pollutants, and mercury from certain electric generation facilities; and (2) establish an emission allowance tracking and transfer system for sulfur dioxide, nitrogen oxides, and carbon dioxide.Requires facilities to achieve specified emission standards should emission limitation regulations not be promulgated. Directs the Administrator to study the impact of emission allowance trading. Limits the trading of allowances with facilities other than electricity generating facilities to certain carbon dioxide emission control programs. Sets forth an allocation scheme for emission allowances.[...]

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