2008-06-26
California Air Board Announces Plan for Carbon-Credit Trading. By Margot Roosevelt, June 26, 2008. "California air regulators today announced a bold plan to slash greenhouse gas emissions that would alter the way utilities generate electricity, automakers build cars and developers construct buildings, and launch the nation's broadest market in carbon-credit trading. California's blueprint is the first comprehensive effort to combat global warming by any American state, and comes nearly three weeks after the U.S. Senate threw out a national greenhouse gas bill that would have set similar targets. Virtually every sector of the state's economy would be affected by the air board's plan [PDF, 99 pp], including coal-fired power plants and oil refineries, landfills where rotting garbage emits methane gas and forests, which would be cultivated to reduce fires. But the California Air Resources Board's draft road map for implementing the state's landmark 2006 global warming law faces daunting obstacles, among them resistance from the Bush administration, legislative snarls and some industry opposition."
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