EU Seeks Link With Federal, Not Local U.S. CO2 Trading
This article is for subscribers only.
The European Union will keep trying to link its carbon market, the world’s biggest, with any U.S. program at the federal level rather than regional systems.
A federal U.S. cap-and-trade program, narrowly approved in the House of Representatives last year, didn’t gain enough support to pass the Senate this year. States including California are proposing emissions trading under a program known as the Western Climate Initiative in 2012.