Global Warming Pollution Reduction Act

[AI summary unavailable — showing source text] Global Warming Pollution Reduction Act - Amends the Clean Air Act to set forth provisions concerning global warming pollution emissions. Directs the Environmental Protection Agency (EPA) to: (1) set milestones to reduce the aggregate net levels of emissions (authorizes EPA to establish market-based programs to achieve such reduction); (2) require each fleet of automobiles sold by a manufacturer beginning in model year 2016 to meet emission standards; (3) contract with the National Academy of Sciences to study the potential contribution of the non-highway portion of the transportation sector towards meeting the emission reduction goal; (4) require that electric generation units meet an emission standard that is not higher than the emission rate of a new combined cycle natural gas generating unit; and (5) establish a low-carbon generation trading program. Requires covered generators to provide a minimum percentage of the base quantity of electricity produced for sale from low-carbon generation. Requires EPA to: (1) establish a competitive grant program for geological disposal deployment projects; and (2) carry out a global climate change standards and processes research program. Expr…