In what the L.A. Times calls "landmark" legislation, on Thursday California became the first state in the nation to adopt a classic cap-and-trade system for regulating greenhouse-gas emissions.
Cap-and-trade is the centerpiece of AB 32, California's historic climate change law that mandates a reduction in carbon pollution to 1990 levels by 2020. Beginning in 2013 the state's largest carbon emitters will be required to meet the caps or buy credits if they cannot.
America, it could be worse. We could be Europe. I mean, we’re still mostly in the race with China – – in the past five years, they improved energy efficiency by nearly 20% and have a new five-year plan for another 20%. I say big deal – – the Empire State Building recently completed an […]