Then again, it is not a total bomb, as some think. So you don’t have to be Dr. Strangelove — or the bill’s mother — to love it. You just have to compare it to the alternative (i.e. utter failure and business as usual emissions).
Few people, I think, realize everything that is in it or what it might accomplish. The most thorough analysis that I’ve seen is by the World Resources Institute (see their bill summary here, quantitative analysis here).
WRI has an interesting projection of what would be achieved by the Waxman-Markey discussion Draft (WM-DD) released on March 31, 2009 [click to enlarge]:
I hadn’t blogged on this sooner because WRI’s explanation of the methods and assumptions (here) are a tad opaque, but here are the (fairly credible) Key Findings: