Green Options » a http://greenoptions.com/tag/a Posts tagged 'a' Fri, 26 Sep 2008 21:04:55 +0000 http://wordpress.org/?v=2.5.1 en Northeast States Don’t Need Feds to Cap Emissions http://redgreenandblue.org/2008/09/26/northeast-states-dont-need-feds-to-cap-emissions/ http://redgreenandblue.org/2008/09/26/northeast-states-dont-need-feds-to-cap-emissions/#comments Fri, 26 Sep 2008 21:04:55 +0000 Amanda Peterka http://redgreenandblue.org/2008/09/26/northeast-states-dont-need-feds-to-cap-emissions/ While there will be no capping and trading in President Bush’s government, 10 northeast states are taking emissions into their own hands. On Thursday, the Regional Greenhouse Gas Initiative, bypassing the federal government, started its permit auction, creating the first mandatory cap-and-trade program in the United States.

The initiative involves Maine, Massachusetts, Connecticut, Delaware, Maryland, New Hampshire, New Jersey, Rhode Island and Vermont. The auction gave 12.5 million permits for CO2 emitters, with each worth one ton of carbon dioxide. The group will then offer 188 million permits a year for three years, according to a Reuters article.

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