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California Begins to Cap Carbon

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But if the Doha summit seems unlikely to produce much meaningful progress on global climate efforts, that doesn’t mean we’re helpless to deal with global warming. In fact, one of the most ambitious efforts has just been launched here in the U.S.—which held off from signing the Kyoto protocol—in the state that often finds itself nudging the rest of us in a greener direction: California.

Last month, after years of debate and delay, California finally launched AB32, the official name of the state’s carbon cap-and-trade system. The result of the Global Warming Solutions Act, which was signed into law by then-Governor Arnold Schwarzenegger in 2006, AB32 commits California to reduce its greenhouse gas emissions to 1990 levels by 2020. That’s about a 17% cut from where the state’s emissions would likely be if no legislative action had been taken. The reduction is set to be achieved by putting a cap on the state’s carbon emissions that is gradually tightened by about 2 to 3% a year. Companies covered under the law need to either reduce their carbon emissions to meet the tightening cap or purchase carbon allowances on a regulated market to compensate for their emissions.

http://science.time.com/2012/12/04/as-the-world-keeps-getting-warmer-california-begins-to-cap-carbon/

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But today there talking about fracking. Would be a good thread to merge with the fracking thread from California. Haha.

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