National Science Academy Says U.S. Needs a System for Pricing Emissions
2:14 PM MDT | May 24, 2010 | Vincent Valk
The National Academy of Sciences (NAS; Washington) says the U.S. needs to establish a system for placing a price on carbon dioxide and other greenhouse gas (GHG) emissions, as well as a national â€śbudgetâ€ť that would require sources to slash emissions 80% from 1990 levels by 2050. The report, commissioned by Congress more than two years ago, also advocates an â€śeconomy-wide price on carbonâ€ť in the form of a cap-and-trade program or a carbon tax. NAS also upholds statesâ€™ right to establish their own emission reductions programs, a position industry groups...
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