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Environmental Law

: Environmental Legal Blogs

BBC News - California approves extensive carbon-trading scheme

By STEPHEN HOLZER

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California has approved an extensive carbon-trading plan aimed at cutting greenhouse emissions.

State regulators passed a "cap-and-trade" framework to let companies buy and sell permits, giving them an incentive to emit fewer gases.

The aim is to create the second-largest market in the field, after Europe's.

State officials hope the scheme will be copied across the US, but opponents warn it may harm California's growth and lead to higher electricity prices.

via www.bbc.co.uk

Full post as published by Environmental Legal Blogs on December 17, 2010 (boomark / email).

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