California Approves First Large Scale Cap and Trade System in the U.S. | Fast Company: "Cap and trade may be a near impossibility on the national level at this point (thanks, dead climate bill!), but California is still pushing ahead with a system that will require major polluters to cut down on carbon emissions, but will give them the option to trade carbon credits on a newly introduced market. The system, which is set to go into place in 2012, will be the first carbon trading program in the U.S."
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