From the Chicago Tribune on Tuesday, October 14, 2008:
NEW YORKâIn what are likely to be blueprints for a national effort to fight climate change, clusters of states on the East and West Coasts and in the Midwest are setting up marketplaces for electric utilities and other companies to buy and sell credits to emit carbon dioxide and other gases responsible for global warming.
Building on a voluntary market system pioneered in Chicago, 10 Northeastern states recently launched what they are billing as the biggest, most coordinated effort yet in the U.S. to take on climate change by mandating that electric utilities take part in an emissions-allowance trading program.
But an alliance of seven Western states and four Canadian provinces could surpass their efforts with a more ambitious trading system they unveiled last month. It encompasses industry as well as utilities, with a goal of cutting greenhouse gas emissions by 15 percent in 12 years.
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