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National Science Academy Says U.S. Needs a System for Pricing Emissions

2:14 PM MDT | May 25, 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 “budget” 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 “economy-wide price on carbon” in the form of a cap-and-trade program or a carbon tax. NAS also upholds states’ right to establish their own emission reductions programs, a position industry groups...

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