By FELICITY BARRINGER
SAN FRANCISCO, US: California regulators on Thursday adopted the nation’s most comprehensive rules to curb emissions of carbon dioxide and other heat-trapping gases, a move that will put the state far ahead of the rest of the country in energy reform.
The regulations, which reward industries most effective in achieving the cuts by allowing them to sell credits to polluters, will create the largest market for carbon trading in the country. Ten states including New York, New Jersey, Delaware, Maryland and the New England states are participating in a less extensive system known as the Regional Greenhouse Gas Initiative, which covers only electric utilities.
The California program, which will take effect in 2012, is designed to gradually reduce emissions to about 15 percent below 2012 levels by 2020. A state proposition that would have hobbled its enforcement was soundly defeated in November’s election. more>>
Courtesy: nytimes.com
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