STATE OFFICIALS PUSH FOR NEW EMISSION CREDIT TRADING PROGRAMS

Top state air officials and stakeholder groups are beginning a major push to develop novel emission reduction credit (ERC) trading programs, as credits become scarcer by the day, threatening the ability of businesses to locate and expand in nonattainment areas. Leaders of the effort are optimistic that breakthroughs can be achieved, especially because U.S. EPA Region IX has joined the effort and is signaling it is open to innovative proposals -- a position that has not existed in past ERC-generation...