"I want to pump solar up," says Arnold.
Photo: California Resources Agency. |
Market mechanisms
California senators voted 23-14 in favour of the energy plan after weeks of negotiations. It is expected that the Democrat-controlled assembly will back the plan.
Almost 40 per cent of carbon dioxide emissions in California comes from passenger vehicles.
© US Environmental Protection Agency |
Under the bill, a panel appointed by the governor, will have the job of identifying ‘market –based compliance mechanisms’ that can be used as part of its plan to achieve the cap on emissions.
The bill has been welcomed as a step towards fighting global climate change, but experts in the field warn that the goal of a universal carbon trading system may be a long way away. “What’s encouraging is that California and the Northeast states are definitely aligned in their views about the need to reduce greenhouse gas emissions” said Abyd Karmail, senor vice-president of the carbon marketing consultants, IFC consulting. But, he told Reuters, “the challenge is fitting in with the various other initiatives going on (globally).”
California is the most populous US state and the world’s 12th largest emitter of greenhouse gases.
Sources: The Environmental Defense and others
Note: Environmental Defense and the Natural Resources Defense Council ( NRDC) are co-sponsors of the legislation and have worked along side Assembly authors Fabian Núñez and Fran Pavley on the global warming legislation.
Environmental Defense is a leading national nonprofit organization, represents more than 400,000 members. Since 1967, Environmental Defense has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. www.environmentaldefense.org
The Natural Resources Defense Council is a national, non-profit organization of scientists, lawyers and environmental specialists dedicated to protecting public health and the environment. Founded in 1970, NRDC has more than 1 million members and online activists nationwide. www.nrdc.org
For more background information on the California bill AB 32 please visit: www.solutionsforglobalwarming.com
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