Also gutted was a provision requiring the EPA to consider the indirect climate impacts of biofuels. This would have imposed penalties on fuels, such as ethanol produced from corn, that encourage landowners to clear forests in order to grow the feedstock. That posed a threat to corn growers and ethanol refiners, whose inefficient and food-price-distorting fuel would most likely have been phased out. Now, the government will merely be required to study the links between such land-use change and carbon emissions.
Farmers aren't the only ones who have weakened the Waxman-Markey bill. To win votes from coal-producing and Southern states, its authors agreed to water down the renewable energy standard. The nation will still be required to get 20% of its electricity from renewable sources by 2020, but "renewable" has been redefined to include electricity derived by burning trash or landfill gas, which are highly polluting fuels. What's more, states can reduce their renewable power requirement by improving energy efficiency; as a result, the bill probably won't spur any more renewable power development than would have occurred without it.
If the bill is far from perfect, that doesn't mean it isn't good. It's the first significant attempt by the United States to join other responsible nations that are trying to wean themselves off fossil fuels and build a better future for their children. Its provisions are weak and will be almost unnoticeable at first, but they will strengthen over time, and the framework it creates can be improved on later if it's not producing the intended cuts.
Opponents complain that the bill would be too costly, raising the prices of energy, fuel and consumer goods. That's based on the mindless notion that doing nothing to fight climate change would have zero economic cost. Yet if the globe warms as much as climatologists predict, the cost of adapting would dwarf the cost of prevention. A report released last week by the U.S. Global Change Research Program found that, without efforts to stem the problem, average temperatures in the U.S. could rise by 7 to 11 degrees Fahrenheit by 2100. The result: large-scale flooding and destruction along the Gulf and Atlantic coasts, ruined crops in the Midwest, rampant fires in California, worsening incidence of insect-borne and plant diseases, skyrocketing heat deaths and a host of other woes.