Bush CO2 plan won't spur a U.S. market -developers

Newswire

By Timothy Gardner NEW YORK, Jan 23 (Reuters) - President George W. Bush needs to call for a wide-ranging cap on emissions of heat-trapping gases if he wants to spur market forces to combat global warming, carbon market developers said on Tuesday. In his State of the Union address on Tuesday night, Bush will ask Congress to set a goal of reducing U.S. gasoline usage by 20 percent over 10 years and to reform fuel economy standards for cars, the White House said. Eager to broker what ...

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