NORTHEAST DELAYS CLIMATE CAP AGREEMENT TO ANALYZE IMPACT ON STATES

Northeast states will likely postpone unveiling the framework for a regional greenhouse gas initiative (RGGI) expected this summer because they need more time to assess the impact of a cap-and-trade program on individual states, officials in the region say. Officials working on the program also say they are likely to give wide discretion to states in deciding how to implement the initiative, leaving a daunting task ahead for governors and state legislators between now and the target date for implementing...