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States Consider Carbon Trading Plans

The Financial Times reports that “a number of US states are starting to consider carbon trading schemes to meet limits on greenhouse gas emissions put forward in President Barack Obama’s latest climate change initiative.”  

“The signs of interest show that although Mr Obama’s proposals for more sweeping cuts in power plant carbon emissions have been criticised in parts of the US, particularly coal-producing regions, there are others that accept his strategy.”  

“Officials in Washington state and Pennsylvania have told the Financial Times they are examining carbon trading programmes following the release last week of proposed state-by-state targets for emissions cuts. Bill Becker of the National Association of Clean Air Agencies, a group of 43 state regulators, said several other states were discussing creating new programmes or joining existing systems.”

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