A little more about AB 32

This is an article from a few weeks ago, but it provides some easy to understand explanations of the new California Global Warming Solutions Act:

State emission credit may be hot commodity

By Michael Gardner

November 20, 2006

SACRAMENTO – Like gold and pork bellies, California's carbon dioxide emissions credits may someday emerge as the big thing on commodity markets.

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. Companies are already forming a line, said Josh Margolis, a manager with Cantor Fitzgerald Brokerage.

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