Environmental
Jul. 22, 2009
California's Carbon-Trading Controversy
As governments worldwide mull plans to fight climate change, all eyes are on California as it mounts what will likely be the world's second only economy-wide carbon trading market.
By Fiona Smith
Daily Journal Staff Writer SAN FRANCISCO - As governments worldwide mull plans to fight climate change, all eyes are on California as it mounts what will likely be the world's second only economy-wide carbon trading market. Like the European Union before it, California is expected to allow businesses to trade so-called carbon offsets, which turn carbon emissions into tradable credits. The issue is stoking controversy. Busin...
Daily Journal Staff Writer SAN FRANCISCO - As governments worldwide mull plans to fight climate change, all eyes are on California as it mounts what will likely be the world's second only economy-wide carbon trading market. Like the European Union before it, California is expected to allow businesses to trade so-called carbon offsets, which turn carbon emissions into tradable credits. The issue is stoking controversy. Busin...
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