Cap and Trade February 22, 2013 : 2:17 PM

The climate crisis is not an insurmountable political challenge—indeed, some US states are already tackling it head on. Just recently, the ten northeastern states of the Regional Greenhouse Gas Initiative agreed to continue cutting their emissions for the next ten years:

“Remember cap-and-trade? Back in 2010, Democrats in Congress had a proposal to set a nationwide limit on U.S. greenhouse-gas emissions and let businesses trade pollution permits. But the climate bill died, and cap-and-trade mostly vanished from discussion.”

“Except in the Northeast. For the past decade, ten states stretching from Maine to Maryland have been experimenting with their own modest cap on carbon pollution from electric power plants. And, this week, the Regional Greenhouse Gas Initiative (RGGI) announced that it would continue to cut emissions by tightening the cap between now and 2020.”

Read the rest of the article by clicking here.

Source: Washington Post WonkBlog