Obama looks at carbon trading shortcut
19 Mar 2010
The Obama administration is considering a carbon-trading system under existing law if the US Congress doesn't pass cap-and-trade legislation that allows companies to buy and sell the right to pollute, a US Environmental Protection Agency official said.
The existing Clean Air Act ''could enable us to include emissions trading'' within agency regulations aimed at reducing carbon dioxide and other gases that scientists have linked to climate change, Anna Marie Wood, a senior policy analyst at the EPA, said at an event in Washington hosted by the American Bar Association.
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