Global Warming Reduction Act of 2006

[AI summary unavailable — showing source text] Global Warming Pollution Reduction Act of 2006 - Amends the Clean Air Act to direct the Environmental Protection Agency (EPA) to: (1) promulgate regulations necessary to reduce the aggregate net levels of global warming pollution emissions; and (2) establish a market-based emissions cap and global warming pollutants trading program. Establishes the Climate Reinvestment Fund. Requires EPA to: (1) establish, and revise every five years, standards for passenger vehicle emissions; and (2) research global climate change standards and processes. Sets forth requirements for retail electricity suppliers and EPA concerning: (1) energy efficiency and peak load reduction; (2) a related trading system; (3) renewable energy types and sources; and (4) a renewable energy credit program and related penalties. Requires the Secretary of Agriculture to establish standards for accrediting certified reductions in carbon dioxide emission through biological sequestration activities. Requires major stationary sources to report annually to EPA about global warming pollutant emissions. Directs the National Academy of Sciences to report biennially to EPA and Congress about U.S. progress in avoiding dangerous…