California air board set to adopt cap-and-trade program

Officials hail the program as flexible and sensitive to economic conditions. It would begin in 2012 by capping emissions from the 600 biggest industrial facilities. California regulators Thursday are expected to adopt the nation’s most comprehensive carbon trading regime, creating a market-based way to lower greenhouse gas emissions at a time when similar efforts have stalled in Congress.

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California air board set to adopt cap-and-trade program