19.12.2014 - Washington state carbon market plan to raise $1bn a year
Washington has become the latest US region to set out plans for a carbon market to limit emissions. The Carbon Pollution Accountability Act would cover 85% of the state’s emissions and raise around US$1 billion in its first year, if passed. Along with boosts for electric vehicles and clean energy, the cap-and-trade system is to deliver a target to cut emissions 15% by 2020 from 2005 levels. “It’s the smart thing to do because we can make the air cleaner for our children, our businesses can lead the world in clean technology and doing so will bring good-paying jobs to Washington,” said governor Jay Inslee...............................................Full Article: Source
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