WHAT'S GOOD

Acknowledges that action must be taken to slow global warming

Gives companies some credit for reducing emissions now

Controls air pollution via market-based incentives rather than mandating pollution controls

Offers tax credits for renewable energy and fuel-efficient cars

WHERE IT FALLS SHORT

Would allow too high a level of CO2 emissions

Reporting emissions is voluntary, not mandatory

Mandates only limited curbs on power plants. Needs to require tougher pollution reductions

Credits may be too small to do much good

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