White House Seeks Bill on Climate by December

As early as this month, the Environmental Protection Agency could declare that carbon dioxide is a danger to the public, triggering regulation of emissions under the Clean Air Act.

Such a regulatory move is widely seen as part of the Obama administration's strategy to pressure reluctant lawmakers into action.

Rep. Markey said legislation -- rather than EPA regulation of carbon dioxide -- would provide greater flexibility to ease the potential impact on the economy and consumers. He declined to give a specific time when the process should be taken over by the EPA if Congress can't reach an agreement.

The Waxman/Markey bill introduced late last month would put in place a cap-and-trade market to reduce carbon-dioxide emissions, while requiring that an increasing share of U.S. electricity come from renewable sources such as wind and the sun.

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"CO2 IS NOT A POLLUTANT"

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