| President Barack Obama’s climate goals are prompting US states to explore the use of carbon markets as a way to comply — an approach that will be resisted by Republicans. The final version of the administration’s plan, to be announced on Monday, is central to Mr Obama’s legacy and commitments the US has made in the run-up to a Paris meeting in December on an international climate accord.
In a shift from earlier proposals, the initiative, known as the clean power plan, will give states more flexibility than was envisaged a year ago to engage in interstate carbon trading to meet federally set targets. Gina McCarthy, head of the Environmental Protection Agency, the regulator behind the proposals, told reporters: “This is an opportunity to allow states to choose many different paths towards trading.”..............................................Full Article: Source
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