Cal­i­for­nia com­bats car­bon

Element - - Business -

Cal­i­for­nia has kicked off its cap-and-trade pro­gramme to re­duce car­bon diox­ide emis­sions amid spec­u­la­tion about whether it will nose-dive or be­come a na­tional model. The Cal­i­for­nia Air Re­sources Board says that car­bon cred­its were sold at auc­tion for slightly more than the $10 open­ing. “By putting a price on car­bon, we know we are be­gin­ning the process of break­ing our de­pen­dence on fos­sil fu­els,” says Mary Ni­chols, chair of the re­sources board, in the San

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