GROUPS PREFER MULTI-SECTOR, GEOGRAPHICALLY BROAD GHG TRADING SCHEME

Industry representatives and environmentalists participating in Cal/EPA's initiative to create the governor's greenhouse gas (GHG) emission reduction program generally agree that a potential carbon cap-and-trade scheme must include multiple industry sectors and should likely extend beyond California. Properly crafting the California proposal is crucial to the future acceptance of such trading programs elsewhere as well as the ability of state participants to eventually dovetail with potential national programs, sources say. Cal/EPA and other administration officials serving on the governor's Climate...