What Should Happen to the Waxman-Markey Climate Bill?

The Waxman-Markey climate bill (HR 2454), passed in the U.S. House of Representatives today, is hailed by many as the most important piece of climate change legislation ever. Yet it’s still receiving a surprising amount of opposition from environmentalists, mostly for it’s plentiful polluter permits, weak renewable electricity goals, and low carbon emission reduction targets . Greenpeace outright rejects the bill, claiming that it “sets emission reduction targets far lower than science demands, then undermines even those targets with massive offsets” and warning that “We simply no longer have the time for legislation this weak.” Friends of the Earth also warns against the bill, saying that in its current form, Waxman-Markey could actually increase the risks of climate change. But I still think the bill should be passed in the Senate. Here’s why.
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Source: http://www.TriplePundit.com: What Should Happen to the Waxman-Markey Climate Bill?