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Is ‘Cap-and-Trade’ Good for California?
Tom Tanton, Sacramento Union Columnist
Published: April 24, 2008 11:43
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Excerpt: {magazine_leadin}{magazine_body}The California Air Resources Board is mulling a mix of regulations, fees and market-like mechanisms to impose on California, to comply with the state’s Global Warming Solutions Act. That 2006 law requires California to cut greenhouse gas emissions back to 1990 levels within 12 years, but it gives the board some latitude in determining how to achieve the goal. Two proposals are now being considered. One of the board’s expected tools is a “cap-and-trade” system, successfully used in Northeast…
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