The House Energy and Commerce Committee will hold hearings next week on the American Clean Energy and Security Act of 2009 (Aces), which revamps energy policy and addresses climate change. The draft version creates greenhouse gas (GHG) emission standards for aircraft and aircraft engines, and allows the Environmental Protection Agency Administrator to establish provisions for averaging, banking and trading emissions credits within or across classes and categories of transportation. It also attempts to regulate carbon dioxide through a cap-and-trade program. Both NBAA and the National Air Transportation Association (NATA) point out that aviation emissions constitute a very small part of transportation emissions. “As with all emissions proposals, we will review this one with an eye toward the industry’s twin goals of promoting the mobility and growth of business aviation while minimizing its environmental impact,” said NBAA. NATA added, “The aviation industry is intrinsically motivated, like few others, to be a more efficient user of fuel and thus reducer of GHG emissions.” Committee chairman Henry Waxman (D-Calif.) wants to move Aces to the House floor by the end of next month.