Western cap and trade initiative faces obstacles
A new Western regional plan to cap and trade greenhouse gas emissions faces a tough road in state legislatures, where the details still must be worked out.
The Western Climate Initiative would establish a regional market to trade carbon emissions credits, allowing industries that emit greenhouse gases to buy and sell credits for their emissions. The goal is to cut the region's carbon emissions to below 2005 levels by 2020, a roughly 15 percent reduction.
The initiative, proposed Tuesday by seven western states and four Canadian provinces, covers more polluters than other regional plans adopted in the United States, Canada and Europe.
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#1 Sep 26, 2008
Of COURSE they want a cap and trade system where they can use government influence to pick and choose the 'winners' and 'losers'. A flat carbon tax would be fair and less manipulatable.
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