National Geographic: The state that has instigated every key U.S. effort to curb fossil-fuel emissions since the 1960s now will tackle the greatest challenge of all-reining in greenhouse gases-with a cap-and-trade system launched this week. In a closed three-hour auction conducted online Wednesday, California's energy companies and large manufacturers placed their bids for 62 million permits that essentially give them the right to pollute. Using these chits and a healthy number of free permits California has allocated...
URL: http://news.nationalgeographic.com/news/energy/2012/11/121116-california-cap-and-trade/
Enclosure: http://images.nationalgeographic.com/wpf/media-live/photos/000/612/cache/california-cap-trade_61247_600x450.jpg
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