Bill Targets Potential Abuses In Carbon Market
The Safe Markets Development Act, or H.R. 1666, was introduced by Reps. Lloyd Doggett, D-Texas, and Jim Cooper, D-Tenn., on Monday and aims to ensure that any future market for carbon allowances cannot be abused by market speculators or be put at risk by extreme price volatility.
Establishing a cap-and-trade system as part of efforts to tackle climate change is a key element...
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