California approves carbon cap-and-trade | UPI.com

SACRAMENTO, Oct. 21 (UPI) — California regulators have approved North America’s first cap-and-trade program, setting limits on carbon emissions.

The move represents the world’s second-largest carbon program after the European Union, with an estimated $10 billion in allowances to be traded by 2016, the Los Angeles Times reports.

For more on this story, visit: California approves carbon cap-and-trade – UPI.com.

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