The Clean Energy Jobs and American Power Act, now in the US Senate, also known as Waxman-Markey from 2007-2009 as it passed through the House of Representatives. This bill aims to reduce emissions by about 20% from a 2005 baseline by 2020. The bill would create a US-wide carbon market, which in time would link up with other carbon markets, like the EU Emission Trading Scheme. The bill is not expected to get Senate approval until 2010.