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States, Provinces to Cap and Trade Sans Federal Governments

Seven western US states and four Canadian provinces have agreed to cut greenhouse-gas emissions by 15 percent before 2020. Proud of the Western Climate Initiative, Republican California Governor Arnold Schwarzenegger asserted:

We’re sending a strong message to our federal governments that states and provinces are moving forward in the absence of federal action, and we’re setting the stage for national programs that are just as aggressive.

So how will Arizona, California, Montana, New Mexico, Oregon, Utah, Washington, and the Canadian provinces of British Columbia, Manitoba, Ontario, and Quebec curb climate change? To find out,

.

The states and provinces will set a mandatory cap on greenhouse gas beginning in 2012. The cap will get smaller every year. All sectors of the economies, from transportation to housing to electricity, will be expected to cut and pay for emissions. Industries, however, will receive allowances for their emissions. One allowance will cover every metric ton of emitted heat-trapping gas, and allowances can be traded on a secondary market.

Are you happy to see the states coming up with climate change alliances, or would it be better if there was a united national plan?

Source and Source

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