California pushes cap-and-trade plan
California today issued the nation’s first blueprint for a broad-based cap-and-trade program to control global warming emissions. The pioneering effort would cap greenhouse gases emitted by more than 600 power plants, refineries, cement plants and other big factories at 15% below today’s levels by 2020. And it would allow companies to buy and sell emissions allowances among themselves as a way to meet the overall goal less expensively. The preliminary rule is a “milestone ... to address our state’s contributions to climate change, as the eighth largest economy in the world,” said Air Resources Board Chairman Mary D. Nichols. She...
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Tags: Air Resources Board, Blueprint, Board Chairman, Buy And Sell, Buy Sell, Cap, Cement Plants, Climate Change, Control, Economy, Emissions, Factories, Global Warming, Greenhouse Gases, Milestone, Power Plants, Refineries