Monday, February 4, 2013

California debuts landmark cap-and-trade system | Synopsis

California debuts landmark cap-and-trade system

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Gasoline Truck by Rennett Stowe
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Paul Sakuma  /  AP FILE - This March 9, 2010 file photo shows a tanker truck passing the Chevron oil refinery in Richmond, Calif. On Weds. , Nov. 14, 2012, California’s largest greenhouse gas emitters will for the first time begin buying permits in a landmark “cap-and-trade” system meant to control emissions of heat-trapping gases and spur investment in clean technologies. The program is a key part of California’s 2006 climate-change law, AB32, a suite of regulations that dictate standards for cleaner-burning fuels, more efficient automobiles and increased use of renewable energy.

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Paul Sakuma

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Company: The Associated Press

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StateOrCounty: California

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StateOrCounty: Calif

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City: Richmond

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