Schwarzenegger signed a bill creating a program that aims to curb CO2 emissions and their environmental effects. In association with the Northeast Greenhouse Gas Initiative, the plan places a cap on the amount of CO2 emissions that certain plants can release. If their emission “credits” are exceeded, they must buy pay the difference by buying more credits. If they fall under the cap, they can sell those credits.
These kind of policies have actually put Schwarzenegger at odds with many other Republicans.
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