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The first cap-and-trade carbon credit auction under California's Global Solutions Act is deemed a success

Cap-and-Trade a Reality in California

The concept of a cap-and-trade CO2 throttling system is not new, or without widespread support.  However it has been slow to catch on with the Federal government, and slightly faster with state governments. The system is widely used in Europe, as are many global warming driven initiatives. There is no price for the right to pollute in the U.S., except…

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