California unveils draft cap-and-trade rules

Newswire

SAN FRANCISCO, Nov 24 (Reuters) - California on Tuesday released draft rules for its landmark greenhouse gas cap-and-trade plan that will be the most ambitious U.S. effort to use the market to address global warming unless the federal government passes a climate change law. State law requires California to cut its carbon dioxide and other greenhouse gas emissions to 1990 levels by 2020. Measures will range from clean vehicle and building rules to the cap-and-trade system that lets ...

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