California Releases Comprehensive Climate Change Plan

Last Thursday California regulators adopted the nation's first comprehensive plan to slash greenhouse gases and urged President-Elect Obama to use it as a model for the rest of the nation. The ambitious blueprint by the world's eighth-largest economy would cut the state's emissions by 15% from today's level over the next 12 years, bringing them down to 1990 levels, as well as commit utilities to provide 33% of the state's electricity from renewable sources. The plan would apply to industries responsible for 85% of California's emissions. The California Air Resources Board, in approving the plan, pledged that it would gradually move toward a system to auction 100% of greenhouse gas permits.
 
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