One state's policy won't do much for the environmental side of climate change but, if this thing starts on the west coast and trends east and eventually takes over the world, like Nike, then we climate policy might get a bit more efficient:
The California Air Resources Board on Thursday unanimously adopted the nation's first state-administered cap-and-trade regulations, a landmark set of air pollution controls to address climate change and help the state achieve its ambitious goals to reduce greenhouse gas emissions.
The complex market system for the first time puts a price on heat-trapping pollution by allowing California's dirtiest industries to trade carbon credits.
via www.latimes.com
The end of the article includes a short primer on cap-and-trade including an unfortunate discussion about jobs.
