California is set to create a cap-and-trade system for carbon emissions, according to this BBC report. The state would be the first US state to do this.

UPDATE: Here is an FT report with some reactions from Californian business leaders, for and against.

Technorati Tags: California, cap-and-trade, carbon emissions

This entry was posted on August 31st, 2006 at 09:04 (GMT) and is filed under Legislation, Policy . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.