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Thought Cap-And-Trade Dead?

17 Dec 2012

Thought Cap-And-Trade Dead?

Think again. It’s true that the phrase has been political poison in Washington ever since a 2010 climate-change bill was torpedoed in Congress. But on Jan. 1, California — the largest economy in the nation and the eighth-largest in the world — will start enforcing a robust cap-and-trade law that’s the first of its kind in the United States. The rest of the nation, and the world, will watch closely. If the program succeeds, it could trigger fresh action on a national climate-change law. If the law fails, it could be a final nail in the national climate-policy coffin.

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