The U.S. Environmental Protection Agency revealed a report that the carbon dioxide emission levels that come from new vehicles has gone down for the 5th year in a row. This is good news from the EPA, since rising carbon dioxide emissions is one of the major contributors to global warming. The levels are back at the early 1980s levels, after a steep increase from 1987 to 2004. Since 2004, the carbon dioxide emissions have fallen 8% and there has been a 9% increase in fuel economy.
Additionally, the emissions bill that would make the nation’s biggest carbon dioxide emitters start tracking and reporting to the government their emission levels is waiting for approval. If approved, the reporting would begin on the 1st of January. Furthermore, the emissions bill would require industries that emit carbon dioxide to reduce emissions or otherwise purchase credits that allow them to go over the maximum amount allowed established by the new law.
The bill is currently making its way through Congress. According to a recent Reuter’s article, the bill will most likely move through unless it is stopped by Waxman-Markey, which is the bill that forbids the EPA from being involved with carbon dioxide regulation.