Brokers who specialize in the art of the deal are closely following developments here as California steers toward a controversial, yet common, market-based course to reduce pollution many scientists link to global warming.
Under the proposal, California would reward low-polluting companies with emissions credits that they can then sell on an open market to industries that cannot readily curb greenhouse gas discharges.
With command and control, there's no incentive to do it faster. We want to reward people with early action because we're running out of time,” said Jim Marston, who monitor's pollution issues nationally for Environmental Defense. read more
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