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US climate plan may boost cap and trade: Wynn

Posted on 27 June 2013

President Barack Obama’s climate plan, unveiled this week, may boost regional schemes to cut greenhouse gas emissions, known as cap and trade, four years after the United States failed to pass legislation for a nationwide programme.
Unlike Europe, the United States has no national cap and trade scheme to combat carbon emissions. The U.S. Congress considered but ultimately failed to bring in a national scheme in a climate bill which stalled in the Senate in 2009. After this failure, there is no hope of a repeated attempt any time soon. But Obama’s new climate plan could enhance the regional cap and trade markets and cement their future………………………………………..Full Article: Source


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