California to adopt EU-style cap-and-trade

California to adopt EU-style cap-and-trade


California is breaking new ground in the fight against global warming. Always a leading state with its progressive thinking and action, the state is yet taking another market leading leap becoming the first jurisdiction in the United States to adopt a full-scale cap-and-trade tax in an attempt to reduce carbon emissions.

The new taxes and regulations call for nearly 30% reduction in carbon emissions from power plants, manufacturers, cars and trucks by 2020.

The California Air Resou...


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