Experts Debate Economic Side Effects of California’s Cap and Trade Program

State holds first carbon auction as part of effort to stem global warming

At 10 a.m. Wednesday, California’s potentially revolutionary carbon cap-and-trade program launched in a humdrum fashion. Numbers began appearing on a secure Web site accessible to the biggest oil exploration companies, manufacturers, utilities, state regulators and independent monitors. No one outside of this…
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by: Barbara Grady – November 16, 2012