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Cap-and-Trade Gold in the Golden State
Posted on July 02, 2008
By John Addison (7/2/08). Obama and McCain have both stated that climate change requires decisive action. Both support cap-and-trade, putting a limit (cap) on greenhouse gases and enabling the market to work by allowing the trading of permits. How would this work in the United States? We will all learn from California's progress with its enacted law AB32 Climate Solutions Act. The implementation is detailed in the 93-page Climate Change Draft Scoping Plan. By requiring in law a reduction in greenhouse gas emissions to 1990 l...
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