This is brilliant
"We want to use a market-based system to give businesses incentives," he says. Last fall, Schwarzenegger championed historic legislation that's expected to have an impact worldwide. Starting in January, the California Global Warming Solutions Act goes further than any previous law, mandating a reduction of CO2 emissions by 25% to 1990 levels. Companies that reduce the greenhouse gas below the state limit could sell carbon credits to those that can't, or won't.
Perfect example of how government can creatively encourage business to take part in changing the world in a win-win-win situation.
Link
Labels: Reflection
!?
isn't that like kyoto, but on a state level?
Posted by
阿中 |
February 19, 2007 12:11 AM
the brilliant part is that they can sell carbon credits. this creates new market incentives.
Posted by
Alan Yu |
February 19, 2007 1:41 AM