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What Effect Will California's Cap-And-Trade Law Have?
Beginning this month, 350 California businesses will start paying for some of the carbon they emit. Businesses that participated in an auction in November paid $10.09 to offset every ton of CO2 they produce beyond a cap set by the state. Over the next few years, the cap on how much CO2 a company can produce will decrease, as the price of carbon credits increases.
How would you be affected by a cap-and-trade system? What approach would you like to see in regluating carbon?