California Should Use Marketplace To Cut Emissions

Law360, New York (May 2, 2007, 12:00 AM EDT) -- As California embarks on an ambitious project to reduce the emissions of greenhouse cases to 1990 levels by 2020, the use of a market-based mechanism to achieve this goal will be a prime focus of attention.

Both the success of the Acid Rain Program (ARP) and NOx Budget Trading Programs (NBTP), and the failure of the current phase of the European Union Emissions Trading Scheme (EUETS), will be highlighted by proponents and foes of the use of free market incentives as one tool for attacking what...
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