New York State Approves CO2 Caps.By Heather Senison, Poughkeepsie Journal, August 12, 2008. "New York Monday became the latest state to take steps to regulate [CO2] emissions to combat global warming. The state Environmental Board unanimously approved regulations to cap the amount of carbon dioxide that can be discharged into the atmosphere, joining nine other states in the Northeast that have taken similar steps in the absence of any action by the federal government. Starting in December, the state intends to set up a 'cap and trade' system that will sell permits to power plants and other CO2 producers. The permits will hold emissions of the greenhouse gas steady through 2014 and then reduce the total. Under the initiative, power plants will have to buy allowances at state auctions for every ton of carbon dioxide they emit… 'Today's action is the culmination of extensive work by the Department of Environmental Conservation and our state partners [RGGI] to respond to the challenges posed by climate change,' said Pete Grannis, DEC commissioner and the Environmental Board chairman."
2008-08-12
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