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2012-11-23. Cap-and-Trade for California

posted Nov 23, 2012, 11:13 AM by Alan Gould
| from Science, News of the Week. An article relevant to GSS Climate Change chapter 9. Synopsis:  Sacramento. Last week California launched a cap-and-trade system to cut greenhouse gas emissions. It is the first such comprehensive scheme in the United States. It began with an auction on emissions permits for the electricity sector, with a price floor of $10 per ton of carbon dioxide to prevent a crash of emissions prices. In 2015 the system will regulating 85% of California's total greenhouse gas pollution, covering transportation, commercial, and residential fuels…. Source article: http://www.sciencemag.org/content/338/6110/1014.2.full#sec-9