Is California’s Cap-and-Trade Program the Solution to Reducing U.S. Carbon Emissions?

Is California’s Cap-and-Trade Program the Solution to Reducing U.S. Carbon Emissions?

Posted: 26 Nov 2012 05:31 AM PST

Cap-and-trade is strongly advocated as an ultimate solution to reducing U.S. carbon emissions. California led the country by passing the Global Warming Solution Act (AB32), which creates an instate carbon cap-and-trade program. AB32 enforcement begins next year by capping Power and Industrial sectors’ carbon emissions. To sustain operations each facility must reduce carbon emissions or purchase carbon allowances at auction.http://theenergycollective.com/jemillerep/148026/california-s-cap-and-trade-program-solution-reducing-us-carbon-emissions?utm_source=feedburner&utm_medium=email&utm_campaign=The+Energy+Collective+%28all+posts%29