Government
Oct. 5, 2012
Lawyers prepare for cap and trade market amidst uncertainty
A new multi-billion dollar experiment is about to launch in California, the country's first economy-wide carbon trading market, and attorneys are gearing up to prepare despite legal uncertainty.
A new multi-billion dollar experiment is about to launch in California - the country's first economy-wide carbon trading market.
It is a key part of a wider state effort to fight climate change that has been years in the making, but as the market's first auction is set for November, lawyers have lots of questions. What will the market look like? How will auction revenue be spent? Will the whole market be s...
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