States’ Group Calls for 45% Cut in Amount of Carbon Emissions Allowed

New York Times: The Regional Greenhouse Gas Initiative, the country's first regional system for capping carbon emissions and creating a market in carbon allowances, proposed a fundamental change on Thursday to increase electrical utilities' incentive to cut emissions from fossil-fuel plants by raising the cost of compliance. The regional group proposed a 45 percent reduction next year in the total carbon dioxide emissions allowed. The cut is not as draconian as that number suggests, however, because the new total...

URL: http://www.nytimes.com/2013/02/08/business/energy-environment/states-group-calls-for-45-cut-in-amount-of-carbon-emissions-allowed.html