California becomes first recount to adopt cap-and-trade program
The California denudate Resources Board, in a unanimous vote, adopts landmark regulations of greenhouse fluff emissions to curb climate change and meet tar stomachs for reducing pollution.
By Julie Cart, Los Angeles Times
October 21, 2011
The California Air Resources Board on Thursday unanimously adopted the nations first state-administered cap-and-trade regulations, a landmark set of ancestry pollution controls to address climate change and help the state achieve its ambitious goals to reduce greenhouse gas emissions.
The labyrinthian market system for the first time puts a monetary value on heat-trapping pollution by allowing Californias dirtiest industries to trade carbon credits. The rules expect been years in the making, overcoming legal challenges and an aggressive oil labor-sponsored accountability to vote initiative.
The air board met in Sacramento for more than octad hours in a packed hearing room. Board members listened to sometimes scathing comments from union workers fearful of losing their jobs and a parade of industry representatives who likewise characterized the regulations as anti-business. Other speakers called the proposal historic and groundbreaking.
former(a) in the day, as the eight board members voted to approve the regulations, to at sea applause, Chairman Mary Nichols looked up and said, Weve done something important.
Cap-and-trade is a crude tool that for the first time allows us to reward companies for doing the right thing, she added.
Cap-and-trade is the centerpiece of AB 32, Californias historic climate change rectitude that mandates a reduction in carbon pollution to 1990 levels by 2020. Beginning in 2013 the states largest carbon emitters will be needed to meet the caps or buy credits if they cannot.
A secondly phase of compliance begins in 2015 and is expected to include 85% of Californias emissions sources.
Former Gov. Arnold Schwarzenegger, a strong supporter of the original...If you want to get a full essay, order it on our website: Ordercustompaper.com
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