Laws Set Stage For Carbon Trading Opportunities

Law360, New York (April 4, 2008, 12:00 AM EDT) -- With the constant barrage of media coverage on climate change and state and federal legislation, one piece of significant and potentially radical legislation has received surprisingly little attention. The outcome of this federal act may prove to be the foundation of greenhouse gas regulatory standards that will affect every area of the American economy.

In December 2007, Congress passed the Omnibus Spending bill, which included a requirement that the U.S. Environmental Protection Agency develop regulations mandating the reporting of greenhouse gas emissions above appropriate threshold levels...
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