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Greenhouse gas credits & reductions: On Sale!

Posted by Gino DiCaro, Vice President, Communications on March 25, 2008

In a letter this week, more than 50 groups officially asked Gov. Schwarzenegger to consider and fight for a cap and trade system (essentially a "market") in the developing greenhouse gas regulations in California.

For this California-only law to work, consumers must be protected from high costs and the regulating system must be a powerful ally in actually reducing emissions - in other words, keep the emerging technologies, jobs and emissions here in the State.

Impossible situation, you ask?  One staggering statistic in the letter proves otherwise:   The congressional Research Service estimates that reducing gas through a cap and trade  system would cost 5 times less than if trading were not allowed.  

Read Letter

Cap and Trade explanation





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