What is California’s Emission Trading Scheme?



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    In December 2010, California passed a cap and trade bill for greenhouse emissions, which is the second largest emissions trading scheme in the world to the European Union’s. The scheme sets a statewide limit on greenhouse gas emissions from sources that are responsible for 80% of the state’s total emissions. Right now, there are 360 companies and 600 facilities that are included in the scheme, and in a few years, producers of fuels and transportation will be phased into that plan. The scheme is in accordance with California’s goal of reducing its carbon emissions by 2020 to the level it was in the state in 1990.

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