McCain outlines plan to confront climate change
14 May 2008
Republican presidential nominee-in-waiting Senator John McCain says America needs a market-based cap and trade system to curb greenhouse gas emissions, mobilise innovative technologies, and strengthen the economy.
McCain envisions a cap and trade system that would encompass electric power, transportation fuels, commercial business, and industrial business -- sectors responsible for just below 90 per cent of all emissions. Small businesses would be exempt.
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