Midwest Climate Program Advances 'Model Rule' For Cap-And-Trade

A panel of Midwest state officials and other key stakeholders are advancing a draft "model rule" for a regional greenhouse gas (GHG) cap-and-trade program, an effort that sources say is driven in part by a desire among Midwest officials to influence federal climate change proposals moving through Congress. The model rule is the work of the Midwest Greenhouse Gas Reduction Accord, a proposed GHG trading program for the region. Supporters praise the proposal as stronger on many fronts than pending...