Carbon traders or corporate raiders?

Environmental News Network
Posted: October 9th, 2008 by Thomas L. Knapp
Author: Sena Christian

“California’s environmentalists don’t always see eye to eye. That’s especially true when it comes to the best way to reduce the state’s carbon emissions, as required by the landmark Global Warming Solutions Act of 2006, better known as Assembly Bill 32. Some environmentalists argue that carbon-trading programs offer the best compromise between free enterprise and government regulation. But environmentalists who oppose so-called ‘cap-and-trade’ programs claim that compromise comes at the expense of the poor and minorities, whose communities are often the hardest hit by air pollution. So when the California Air Resources Board released a proposed scoping plan for A.B. 32 featuring cap-and-trade as one of the program’s major components, environmentalists concerned with both reducing carbon emissions and improving conditions for lower-income communities were none too pleased.” (10/09/08)

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