Nov 28, 2009

California Air Resources Board (CARB) releases draft cap-and-trade program

NY Times - California, Issues Draft "Cap and Trade" Rules  that set a declining ceiling on emissions of greenhouse gases and allows companies to buy and sell permits to meet it.  California, with the world's 8th largest economy, has a goal of reducing greenhouse gases to 1990 levels by 2020. Its draft trading system would begin in 2012 and would apply to 600 major sources of global warming gases, including power plants, refineries and concrete factories. The California proposal also includes reductions in emissions from industrial and transportation fuels beginning in 2015. CARB has scheduled months of hearings and public comment on the rule before it is to be finalized next October.

Via David Schaller who included this great quote this month:
"If we don't fight hard enough for the things we stand for, at some point we have to recognize that we don't really stand for them."
Paul Wellstone