Sunday, October 15, 2006

Recent news on global climate change

The number of parties that will contend that global warming is not real is shrinking fast. Gov. Arnold Schwarzenegger is embracing a carbon trading initiative in the state of California (source = SF Gate):

The executive order is the first step in creating a system that helps California's largest manufacturers comply with stricter environmental regulations, a Schwarzenegger administration official said. Industrial corporations and utility companies must cut their greenhouse gas emissions by roughly 25 percent by 2020.

"Gov. Schwarzenegger wants to build a large, robust carbon trading market that will dramatically reduce emissions," said Schwarzenegger communications director Adam Mendelsohn. "The more robust the market, the more effective we will be."

The executive order "will now get the northeast states working with California to trade credits in the very near future," Mendelsohn said.