California Passes Tough CO2 Emissions Law
California lawmakers joined environmental groups last week in celebrating the passage of a landmark global warming bill designed to reduce greenhouse gas emissions. The legislation caps California’s emissions at 1990 levels by 2020 (representing an estimated 25 percent overall reduction from current levels); establishes a mandatory emissions reduction reporting program to the state"s Air Resource Board; and establishes a "cap and trade" program allowing businesses to buy and sell emissions rights.
