To confront this challenge, we have reintroduced the Climate Stewardship and Innovation Act. The bill, which has growing bipartisan support, would harness the power of the free market and the engine of American innovation to reduce the nation's greenhouse gas emissions substantially enough and quickly enough to forestall catastrophic global warming.
Wall Street analysts and industry executives have predicted the eventual enactment of a bill such as this for some time. Late last month, a group of prominent industrial leaders, including two executives of coal-intensive electric power companies and a major oil company, urged Congress and the president to enact measures that align with the Climate Stewardship and Innovation Act. Perhaps the inevitable is now imminent. We must seize the initiative.
How can Congress close the deal to prevent catastrophic global warming while it still has the chance? In the same way it has enacted every other major environmental law in the past 30 years.
IREJN is Connecticut's Interfaith Power and Light. Visit us at www.irejn.org.