In a sign of support for carbon emissions trading, 7 north-east US states are negotiating to sign an agreement to cap greenhouse gas emissions from electric power stations and permit them to trade in allowances. The states are Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York and Vermont, with Massachusetts a possible partipant.

Reference:
Fiona Harvey: “Seven US states to sign greenhouse gas inititaive.” Financial Times, 2005-12-15

UPDATE (2005-12-21): Further details of the agreement can be found on the pages of the Regional Greenhouse Gas Initiative.

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