Picture this: The U.S. Senate set to vote on establishing a cap-and-trade program to reduce pollution and invest in clean energy technologies. Some Senators arguing the bill is unacceptable because it risks increasing gasoline and electricity prices.

The 2008 Senate debating the Lieberman-Warner Climate Security Act? No. The 2005 Senate debating the McCain-Lieberman Climate Stewardship Act.

The logic against climate action was as deeply flawed then as it is now. The era of cheap oil is over. In the years since the bill was defeated, gasoline prices have increased more than $1.30 per gallon and oil companies are enjoying profits that have shattered all records. The pain for consumers from our failed energy policies hasn't stopped at the gas pump. Electric companies have raised rates by an average of 26 percent in the past five years.

The Lieberman-Warner Climate Security Act aims to cut carbon dioxide emissions by setting up a cap-and-trade system, putting a price on global warming pollution. Revenues from the program would be used to promote the development of new low-emissions and efficient technologies, helping low- and middle-income families with energy costs, and preserving America's natural resources. The Senate is expected to begin floor debate on the legislation in early June.

To better understand the economics of the Climate Security Act, check out this new fact sheet. It describes the opportunities of clean energy - not just easing our addiction to oil, but millions of new jobs designing, building, installing, and maintaining solar panels and wind turbines.

The scale of the global marketplace for energy technologies is as large as the computer and IT industry that creates 35 million jobs globally. America should drive the clean energy revolution; we cannot afford to take a back seat. The Climate Security Act would reinvigorate our efforts to make sure that the world's solutions to global warming carry the "made in America" label.