Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution
Green Car Congress
APRIL 10, 2010
states (Illinois, Iowa, Kansas, Michigan, Minnesota, and Wisconsin) and one Canadian province (Manitoba). If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty. In this case, the emitter will benefit by purchasing additional allowances instead of taking on additional abatement cost.
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