California Adopts Cap-and-Trade System to Limit Emissions – NYTimes.com

Fifteen months after a similar effort died in Congress, California regulators adopted a system on Thursday for combating climate change that sets limits on greenhouse gas emissions…
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The board members seemed keenly aware that they were giving the state a policy prescription regarded as poison in some parts of the country.
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California’s ambitions are in striking contrast to those of much of the rest of the nation. A conservative political rebellion against cap and trade helped the Republican resurgence in 2010.