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| Subject: Five western state governors have joined a pact to cut co2 emmissions | |
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Author: Bev |
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Date Posted: 13:54:13 06/06/07 Wed In reply to: Stephen 's message, "Carbon footprints bepend on where you live" on 10:19:50 06/02/07 Sat http://www.earthtimes.org/articles/show/34727.html LOS ANGELES: California Governor Arnold Schwarzenegger and Governors from four other states teamed up yesterday to lead an initiative to cut greenhouse gas (GHG) emissions from their industries, power plants and automobiles. The leaders of California, Arizona, New Mexico, Oregon and Washington signed the Western Regional Climate Action Initiative pact committing themselves to develop and achieve a regional target for the reduction of carbon dioxide emissions. The recent droughts and fires in the West are believed to have prompted the Governors to join forces in the battle against global warming. The pact is expected to encourage other states to share the commitment. Over the next six months these states would work out a regional target; and over another 12 months they would develop market-based programs such as a cap-and-trade system to help meet those targets. Under a typical cap-and-trade system, energy suppliers and businesses that manage to cut their emissions would earn credits which they can exchange or sell to others that cannot meet their targets. The initiative also includes establishing a 5-state registry to monitor and control GHG emissions in the region. It may even spearhead the US action on global warming. Also, as the Western states account for a significant part of the US economy, the pact could eventually result in nationwide legislation on CO2 emissions. California's own recent initiative would prove to be exemplary. Very recently, Gov. Schwarzenegger passed the country's toughest laws on GHG emissions and signed an executive order committing the state to bring CO2 levels down to 80 percent below 1990 levels by 2050. The state also has a target of achieving 25 percent reduction in GHG emissions by 2020. Cap-and-trade programs are not new to the US government. In the early 1990s, the government introduced such programs to control pollutants such as acid rain components. More recently, European Union announced a cap-and-trade program to help some of its member countries to meet targets set in the Kyoto Protocol. Some states in the east have signed a similar regional pact to bring about a 10 percent reduction in CO2 emissions from power plants by 2019. Copyright © 2007 Respective Author » Print this article » Email this article (Click Here) [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: Carbon footprints | L. | 05:55:51 06/11/07 Mon |