Emissions Credit System Emerges As Major Stumbling Block In Multi-Pollutant Deliberations

The Bush administration and members of Congress are struggling to determine how to distribute the emission credits that would form a key part of any cap-and-trade scheme aimed at reducing multiple pollutants from utilities. The trading system is expected to be a crucial element of a landmark multi-air-pollutant bill being worked on by the administration and key members of Congress. So far, the Bush administration has been silent on a preferred approach, due to a reported split over whether to...