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U.S. Northeast Cap-and-Trade Program Said to Lower Cap

The U.S. Northeast’s cap-and-trade program, which was been hampered by pollution limits that exceed carbon emissions, is expected to reduce its cap by as much as 45 percent tomorrow, according to the Natural Resources Defense Council.

Companies in the nine states that participate in the Regional Greenhouse Gas Initiative will be permitted to emit a total of about 91 million tons of carbon dioxide a year under the new policies, Dale Bryk, a director and attorney at the New York-based environmental group, said today in an interview.